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Lucid’s turnaround plan hinges on $1.4B in cash savings, robotaxis Lucid’s new CEO Silvio Napoli listed four must-win priorities, including the successful launch of its midsize EV, finishing a factory in Saudi Arabia, cutting expenses, and robotaxis. Powered by WPeMatico https://techcrunch.com/2026/08/04/lucids-turnaround-plan-hinges-on-1-4b-in-cash-savings-robotaxis/

SpaceX doubles revenue on Anthropic and Google compute deals, Starlink growth SpaceX doubled its revenue compared to last year, according to its first quarterly earnings since going public in June. Powered by WPeMatico https://techcrunch.com/2026/08/04/spacex-doubles-revenues-on-anthropic-and-google-compute-deals-starlink-growth/

Aflabox raises €1.35M seed to bring food safety testing into the field Italy-based agritech startup Aflabox has raised €1.35 million in seed funding to accelerate the commercialisation and industrial scaling of its AI-powered food safety monitoring platform. The equity round was completed through FoodSeed, the agrifood accelerator within CDP Venture

When AI starts pretending to be your PR team, it’s a problem The comms, PR, and journo world is a small one. Over the weekend, I had half a dozen people send me the same Futurism article via WhatsApp. It detailed UK-based PR firm Movchan Agency, which journalist Maggie Harrison

UK chip startup Olix raises $312M at $3.3BN valuation One of the UK’s hottest chip startups has raised over $300m at a $3.3bn valuation, tripling its valuation, and plans to bring its first products to customers next year, it says. Olix, founded by 25-year-old entrepreneur James Dacombe, has raised a $312m

Europe’s AI challenge is not invention, but momentum Europe has the talent and the ambition to lead in AI, but it is struggling to translate that into sustained scale. The issue is whether it can keep moving and translate momentum into impact. Across industries, a familiar pattern is emerging: promising

Italy’s Aflabox raises €1.35 million to scale AI-powered portable aflatoxin detection across Africa and Europe Aflabox, an Italian AgTech startup that aims to revolutionise food safety by making aflatoxin detection accessible, affordable, and efficient, has closed a €1.35 million Seed funding round. The round was completed through FoodSeed, the programme

UK AI chip startup OLIX raises €270.5 million at €2.8 billion valuation just two years after its founding OLIX, a London-based AI chip startup building the infrastructure for frontier AI inference, today announced a €270.5 million ($312 million) Series B financing round at a €2.8 billion ($3.3 billion) valuation, two

Index Ventures raises €1.7 billion, bringing total investing capital to nearly €3 billion Index Ventures, the global venture capital firm, has raised approximately €1.7 billion ($2 billion), bringing its total investing capital to nearly €3 billion ($3.5 billion) across all stages: Seed, venture, and growth. The capital comprises a €346.9

Helsinki-based Aiforia secures €20 million EIB financing to advance AI-powered cancer diagnostics Aiforia, a Helsinki-based life-science company providing deep learning AI solutions for pathology, has secured €20 million in venture debt financing from the European Investment Bank (EIB).  Supported under the European Commission’s InvestEU programme, the financing will accelerate Aiforia’s