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Agon Secures $30M to Develop AI Training Models for European Defence

Agon Secures $30M to Develop AI Training Models for European Defence

Agon Secures $30M to Develop AI Training Models for European Defence
Reuters Reuters
Chinese carmakers piling pressure on UK rivals, auto industry chief says

Chinese carmakers piling pressure on UK rivals, auto industry chief says

By Muvija M LONDON, July 30 (Reuters) - A wave of Chinese entrants into Britain's car market is piling pressure on traditional manufacturers, forcing them to offer deeper discounts to compete with lower-cost imports, the head of the country's main automotive industry body said on Thursday.
Reuters Reuters
European bank rally rolls on as Deutsche Bank, UBS report profit jump

European bank rally rolls on as Deutsche Bank, UBS report profit jump

By Tom Sims, Ariane Luthi and Tommy Reggiori Wilkes FRANKFURT/ZURICH/LONDON, July 29 (Reuters) - Deutsche Bank and UBS beat forecasts again with second-quarter earnings on Wednesday, buoyed by a surge in trading activity and strong retail business as Europe's lenders extend a more than two-year-long
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Germany Considers Dedicated Launch Facility for Armed Forces to Ensure Satellite Deployment

Germany Considers Dedicated Launch Facility for Armed Forces to Ensure Satellite Deployment

Germany is exploring the possibility of establishing a dedicated launch facility for its armed forces to ensure that military satellites can be deployed without competing with commercial payloads. This consideration was announced by German Defence Minister Boris Pistorius during a visit to Isar Aerospace's facilities near Munich. Pistorius highlighted that existing European launch capacities, including those in Norway and the UK, are insufficient to meet future demands. The proposal is in its early stages, and while a specific location for the facility has not been identified, it may not necessarily be on German soil. The idea is to prevent national security missions from being delayed by commercial launch queues.
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Defense Tech Sector Expands Amid Rising Demand for Innovation

Defense Tech Sector Expands Amid Rising Demand for Innovation

Defense Tech Sector Expands Amid Rising Demand for Innovation
FactFable FactFable
“GPUs Are the New Ad Servers”: The Meta Earnings Thesis to Watch

“GPUs Are the New Ad Servers”: The Meta Earnings Thesis to Watch

Explaining the strategic thesis that Meta's massive investment in GPUs is creating the new engine for its business, much like ad servers did.
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US Tech Giants Plan Massive Increase in AI-Driven Capital Expenditure by 2026

US Tech Giants Plan Massive Increase in AI-Driven Capital Expenditure by 2026

US Tech Giants Plan Massive Increase in AI-Driven Capital Expenditure by 2026
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Salesforce Invests in Brunello Cucinelli's AI Platform to Expand European and North American Reach

Salesforce Invests in Brunello Cucinelli's AI Platform to Expand European and North American Reach

Salesforce Invests in Brunello Cucinelli's AI Platform to Expand European and North American Reach
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Neura Robotics and RWTH Aachen University Partner to Expand AI Training Network

Neura Robotics and RWTH Aachen University Partner to Expand AI Training Network

Neura Robotics and RWTH Aachen University Partner to Expand AI Training Network
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European Technology Network Expands with New Live Show Format

European Technology Network Expands with New Live Show Format

The European Technology Network (ETN), a London-based media platform, has announced a significant expansion with a new five-day-a-week live show format. Founded by Luke Knight and Ronan Chambers, ETN aims to cover tech trends and news across Europe. The network recently secured a $1.6 million seed round from investors including Powerhouse Capital and Axel Springer SE. The expansion includes moving into a larger studio, increasing staff, and launching a newsletter. ETN plans to feature interviews with prominent figures in the tech industry, aiming to become a central hub for tech discourse in Europe.
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Beelzebub Secures $3.4 Million to Enhance AI-Powered Cybersecurity Platform

Beelzebub Secures $3.4 Million to Enhance AI-Powered Cybersecurity Platform

Beelzebub Secures $3.4 Million to Enhance AI-Powered Cybersecurity Platform
Reuters Reuters
South Korea's Naver jumps 10% on Nvidia's $1 billion investment plan

South Korea's Naver jumps 10% on Nvidia's $1 billion investment plan

SEOUL, July 27 (Reuters) - Shares of South Korea's internet giant Naver jumped more than 10% on Monday after it said Nvidia would acquire $1 billion of its new shares to finance a project to expand an AI data centre.