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France's OVHcloud is shifting from cloud infrastructure to frontier AI model development, aiming to become Europe's second major LLM player after Mistral AI. CEO Octave Klaba says training costs have dropped from 1 billion euros to 150-200 million euros, making advanced AI development more accessible for European players seeking alternatives to US models.
European Commission President Ursula von der Leyen urged a strengthened AI partnership between Europe and the United States at a G7 session in France. The call comes after Anthropic restricted AI models over national security concerns, highlighting growing tensions around technological sovereignty and Europe's dependence on US tech firms.
When the US government blocked foreign access to Anthropic's advanced AI models, it exposed Europe's dangerous dependency on American technology. Now France, Germany, and the UK are racing to build technological sovereignty before it's too late. Cohere CEO Aidan Gomez warns that renting AI from foreign providers creates structural risks that could leave democracies vulnerable.
McKinsey projects AI could boost Hungary's productivity by €15 billion by 2030, helping close the gap with European neighbors. However, lagging adoption risks further divergence. Top executives highlight cost transformation, faster service delivery, and the imperative of global competitiveness to avoid being outpaced by foreign AI adopters.
France's domestic intelligence service DGSI is replacing Palantir with ChapsVision's ArgonOS, just six months after renewing the American firm's contract. The move is part of a €655 million investment in sovereign technology, as European nations reconsider their dependency on American AI technologies following recent access restrictions.
Bitcoin miner IREN has finalized its acquisition of Spanish AI data center developer Nostrum Group, securing 490 megawatts of renewable power in Spain. The deal marks IREN's European expansion as it pivots toward AI cloud services, joining competitors like HIVE Digital and Bitdeer in building AI infrastructure across the continent.
The European Commission is scrutinizing US export controls that forced Anthropic to disable its most advanced AI models for foreign nationals, including Europeans. Brussels warns that national security measures should not discriminate against partners and emphasizes the need for Europe to strengthen its technological sovereignty in response to the abrupt access restrictions.
French AI startup Mistral AI is in early talks to raise €3 billion at a €20 billion valuation, nearly doubling its September price. The funding aims to fuel its ambition as Europe's sovereign AI alternative, building owned data centers and competing against far richer American rivals like OpenAI and Anthropic.
Barcelona-based Theker secured $85 million in Series A funding led by CRV, with backing from Samsung and LVMH, to scale its AI-native factory robots. Unlike traditional industrial robots, Theker's machines reconfigure themselves for different tasks and learn continuously in production environments. The investment marks Samsung and LVMH's first bet on a Spanish startup.
German robotics company NEURA Robotics has raised up to $1.4 billion in one of the largest humanoid robotics funding rounds ever, backed by Nvidia, Amazon, Tether, Qualcomm, and Bosch. The investment values the company at approximately $7 billion and will accelerate production to millions of robots by 2030 while expanding its cognitive robotics platform across industries.
Swedish legal-tech Legora is launching offices in Madrid, Milan, and Paris alongside a London engineering hub during Q3 2026, targeting 700 EMEA employees within a year. The $5.6bn legal AI platform expansion follows a $600 million Series D and reflects aggressive growth in a market where it competes with $11bn-valued Harvey AI.
The European Commission has ordered Meta to restore free WhatsApp access for rival AI chatbots within five days, marking only the second time in over 20 years that the EU has used emergency interim measures. Meta faces potential fines of up to 10% of annual revenue—approximately $20 billion—if it fails to comply while the antitrust investigation continues.
French defense-tech startup Alta Ares closed a €50 million funding round for its AI-powered drone interceptors, which have already downed Russian Shaheds over Ukraine. The two-year-old company builds cost-effective systems designed to counter the inverted economics of modern warfare, where cheap attack drones force militaries to fire million-euro missiles in response.
Italy's competition authority has closed its investigation into Meta Platforms over alleged abuse of dominant position through its AI tool on WhatsApp. The probe, launched in July 2025, was dropped after the European Commission extended its own investigation into the same issue to include Italian territory.
Apple announced it won't release its new AI-powered Siri in the European Union, citing conflicts with the Digital Markets Act's interoperability requirements. The company claims compliance would compromise user privacy and security, while the European Commission argues Apple is refusing to follow rules designed to promote competition and consumer choice.
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