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SoftBank CEO Masayoshi Son declared the AI revolution is 50 times larger than the dot-com boom and identified physical AI and robotics as the next trillion-dollar opportunity. The announcement came as SoftBank unveiled an $87 billion investment to build AI infrastructure in France, including 5 GW of AI data center capacity by 2031.
American AI company Runway is establishing its European headquarters in London with a $200 million investment in the UK AI ecosystem by 2028. The $5.3 billion AI video firm joins Anthropic and OpenAI in expanding to the British capital, citing proximity to major clients including BBC, Fremantle and WPP, alongside access to exceptional talent.
SoftBank Group announced plans to invest up to €75 billion ($87 billion) to build 5 gigawatts of AI data center capacity across France. The Japanese conglomerate is leveraging France's nuclear-powered electricity grid to bypass the energy challenges plaguing U.S. data center projects, marking its biggest AI infrastructure investment in Europe.
Meta has dialed back its controversial Model Capability Initiative after more than 1,500 employees protested plans to track their keystrokes, mouse clicks, and computer activity. The company now allows 30-minute privacy breaks and limited exemptions, though most workers will still be monitored to train AI agents on how humans use computers.
Spain has unveiled its third quantum computer at the Barcelona Supercomputing Center, integrating an analog quantum system into the MareNostrum 5 infrastructure. The €9.8 million machine, built by Barcelona-based Qilimanjaro Quantum Tech, marks a significant step toward European technological sovereignty in advanced computing capabilities.
Anthropic is scaling Project Glasswing to roughly 200 organizations across more than 15 countries, granting access to its Claude Mythos AI model for identifying critical software vulnerabilities. The expansion comes amid fierce competition from OpenAI's GPT-5.5 Cyber and includes power, water, healthcare, and telecom companies whose codebases could affect over 100 million people if compromised.
Morgan Stanley has doubled its projection for AI-driven job losses across European banks, now estimating 20% of total banking employment—roughly 400,000 jobs—could be eliminated by 2030. The revised May forecast is twice the bank's January figure of 10%, with workforce cuts already underway at HSBC, ABN Amro, and UBS as generative AI tools accelerate productivity gains in back-office, risk, and compliance workflows.
Anthropic has formally opened its sixth European office in Milan, announcing a roster of Italian enterprise customers including Generali, Pirelli, and Enel. The AI startup plans to triple its international workforce as it accelerates European expansion, with the London office alone set to reach 800 employees.
French AI startup Mistral AI launched its industrial engineering platform at its first Paris conference, securing partnerships with Airbus, BMW, and EDF. The physics-aware AI stack targets aerospace, automotive, and energy sectors, positioning European AI as an alternative to US tech giants in heavy industry applications.
Mistral CEO Arthur Mensch publicly rejected Pope Leo XIV's call to disarm AI, arguing Europe cannot afford unilateral restraint when adversaries deploy the technology. The rebuttal came as Mistral announced a €4 billion data center expansion and new defense contracts with Airbus, positioning itself as Europe's answer to U.S. AI giants in an increasingly tense geopolitical environment.
Europe's largest bank by assets is working with French AI startup Mistral to develop a cybersecurity-focused AI model after being locked out of Anthropic's restricted Mythos system. The partnership signals Europe's push for sovereign AI capabilities as cybersecurity threats escalate and access to US-built frontier models remains limited to American institutions.
Tata Consultancy Services has launched its Sovereign Secure Cloud offering across Europe, targeting governments, public sector enterprises, and regulated industries. The platform combines sovereign cloud architecture with AI capabilities to enable data sovereignty and digital autonomy. The move comes as the EU intensifies focus on data sovereignty amid geopolitical tensions and Big Tech compliance issues.
Irish AI healthtech company xWave Technologies is raising €3 million in new funding while planning to create 30 jobs over three years. The Dublin-based firm has already secured contracts with over 20 NHS Trusts for its diagnostic decision-making platform and is now expanding beyond radiology into pathology, targeting €15 million in annual recurring revenue.
The European Central Bank is pushing eurozone banks to rapidly strengthen their cybersecurity posture against AI-assisted cyberattacks, particularly from Anthropic's Mythos model. ECB Vice-Chair Frank Elderson warns that lack of access to Mythos is no excuse for inaction, as banks must prepare for AI tools that can exploit software vulnerabilities within minutes of patches being released.
Berlin-based startup Peec AI crossed $10 million in annualized revenue just six months after raising a $21 million Series A, more than doubling from $4 million ARR. The company helps brands track and improve visibility in AI search results across ChatGPT, Claude, Gemini, and Perplexity through generative engine optimization (GEO) dashboards that mirror traditional SEO tools but for conversational AI platforms.
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