Good news from around Europe
Eutelsat expects over €10 billion in revenue from services of a European Starlink alternative in 2032–2040 Satellite operator Eutelsat forecasts over €10 billion in revenue from commercial services within the European IRIS2 network in 2032–2040. This is stated in Eutelsat’s official report. The first satellites are planned to be launched
Alphabet lost $500 billion in market value after report on AI spending and slowdown in search advertising Alphabet, which owns Google, saw its shares fall 13% on October 29 after the quarterly results were published. This was reported by the Financial Times. The company lost roughly $500 billion in market
South Korea is betting on startups to secure its future on the global stage Powered by WPeMatico https://sifted.eu/articles/south-korea-is-betting-on-startups-brnd/
Ex-EQT investor Doreen Huber joins Interface Capital with eye for cyber deals amid ‘extremely scary’ AI agent boom Powered by WPeMatico https://sifted.eu/articles/eqt-doreen-huber-interface-capital-cyber-startups-scary-ai-agents/
Talent tops European AI startups’ concerns as funding pressures mount Powered by WPeMatico https://sifted.eu/articles/talent-tops-european-ai-startups-concerns-as-funding-pressures-mount/
Is France’s startup nation falling out of love with Macron? Powered by WPeMatico https://sifted.eu/articles/is-frances-startup-nation-falling-out-of-love-with-macron/
Why Creandum and USV co-led a $40m seed into Machenta, a robotics lab with no product Powered by WPeMatico https://sifted.eu/articles/creandum-usv-40m-seed-uk-robotics-lab-no-product/
Nvidia weighs playing the cosigner for Nscale’s AI data center in West Virginia When investors get nervous about AI spending, it helps to have the chipmaker that sells the chips offer to cosign the loan. Powered by WPeMatico https://techcrunch.com/2026/10/30/nvidia-weighs-playing-the-cosigner-for-nscales-ai-data-center-in-west-virginia/
Salesforce’s M&A spree continues with a reported $375M deal for defense tech startup Rune The AI logistics startup will bolster the CRM giant’s Missionforce defense platform. Powered by WPeMatico https://techcrunch.com/2026/10/30/salesforces-ma-spree-continues-with-a-reported-375m-deal-for-defense-tech-startup-rune/
Ollie, a privacy-focused AI assistant, is shutting down As an increasing number of AI assistants flood the market, the founder of Ollie, an assistant that respected its users’ privacy, says it will be shutting down in a week. Powered by WPeMatico https://techcrunch.com/2026/10/30/ollie-a-privacy-focused-ai-assistant-is-shutting-down/