Good news from around Europe
Amazon, Meta join fight to end Google Pay, PhonePe dominance in India PhonePe and Google Pay command 80% of India’s UPI instant payments network. Rivals are set to meet with regulators to lobby for restrictions. Powered by WPeMatico https://techcrunch.com/2026/04/29/amazon-meta-join-fight-to-end-google-pay-phonepe-dominance-in-india/
Amazon’s cloud business is surging — and so is its capital spending The e-commerce giant is making more money than expected from AWS but it’s also spending a lot, and will continue to do so in the near term, its chief executive said. Powered by WPeMatico https://techcrunch.com/2026/04/29/amazons-cloud-business-is-surging-and-so-is-its-capital-spending/
Sources: Anthropic could raise a new $50B round at a valuation of $900B The maker of Claude has received multiple pre-emptive offers at valuations in the $850 billion to $900 billion range, according to sources familiar with the matter. Powered by WPeMatico https://techcrunch.com/2026/04/29/sources-anthropic-could-raise-a-new-50b-round-at-a-valuation-of-900b/
On the stand, Elon Musk can’t escape his own tweets Elon Musk took the stand for the second day for his attempt to legally dismantle OpenAI. Powered by WPeMatico https://techcrunch.com/2026/04/29/on-the-stand-elon-musk-cant-escape-his-own-tweets/
Meta is still burning money on AR/VR Meta is losing billions on Reality Labs each quarter, and its AI expenditures are only going to increase its spending. Powered by WPeMatico https://techcrunch.com/2026/04/29/meta-is-still-burning-money-on-ar-vr/
UK to develop AI hardware plan The UK government will develop an AI hardware plan, the Technology Secretary announced today, just days after US AI giant OpenAI paused a major UK data centre project. The announcement of the plan emerged today as Liz Kendall said that AI sovereignty was not
Freepik rebrands as Magnific, unifying its AI creative stack as enterprise and “no-collar” growth accelerates Freepik today announced its relaunch as Magnific, a new identity that confirms its transformation into the world’s most comprehensive AI creative platform, set against the backdrop of a new creative industry in full bloom. Magnific
AI partner for financial advisers Marloo closes $10M seed round London-based Marloo, an AI partner for financial advisers, has raised $10 million in a seed funding round led by Blackbird Ventures, which also participated in the company’s earlier pre-seed round. The latest investment brings Marloo’s total funding to $12.7 million
Revolut to open store in Barcelona, marking first move into physical retail Revolut is to open a retail store in Barcelona, marking its first move into retail bricks and mortar. Called Revolut Store, it will be located in the heart of Barcelona and has been likened to the Apple retail store in terms
Neutonic secures $6M at $60M valuation to grow retail and new markets Functional drinks and supplements brand Neutonic has raised $6 million in funding at a $60 million valuation to support its global expansion across the UK, US, and additional international markets. The round includes backing from investors such as