Share
Linkedin
Twitter
Facebook
Whatsapp
Copy Link
US Secretary of State Marco Rubio has instructed American diplomats worldwide to push back against the narrative that the US holds a tech kill switch over advanced AI models. The directive follows international backlash from the Trump administration's brief June ban on foreign access to Anthropic's most advanced AI systems, which sparked renewed calls for digital sovereignty across Europe and Asia.
Samsung is in advanced discussions to invest up to €1 billion in French AI startup Mistral as part of a multibillion-euro fundraising round that could value the company at €20 billion. The move reflects growing demand for European AI alternatives and strengthens partnerships between AI developers and semiconductor suppliers amid an unprecedented chip crunch.
Portugal is positioned to receive more than $40 billion in US tech investment by 2031, establishing itself as Europe's primary destination for American AI infrastructure. The announcement comes as Google's Nuvem transatlantic cable connects, with over 2.6 GW of data center capacity under development including the massive Start Campus project in Sines.
Microsoft has committed billions to fund French AI startup Mistral's computing infrastructure across Europe, expanding Azure's presence while addressing sovereignty concerns. The deal avoids new equity stakes, instead focusing on compute capacity and model distribution through Foundry and Copilot Studio as European nations seek alternatives to U.S.-controlled AI infrastructure.
The European Parliament is launching EPGenAI Hub, an internal AI platform for MEPs and staff, after discovering that roughly 2,100 people use public chatbots daily to draft legislation. The platform will offer models from OpenAI, Meta, Anthropic, and Mistral to prevent sensitive parliamentary material from being fed into uncontrolled public tools. The rollout could begin as early as September 2025.
France and Germany announced plans to develop a sovereign alternative to Palantir's military AI software, with France's Arcadia platform serving as the foundation. Both nations have already replaced Palantir with European provider ChapsVision for intelligence services, signaling a strategic shift to reduce reliance on non-European technology amid uncertain transatlantic relations.
The European Commission mandated that Google provide rival AI assistants with system-level access to Android and share search optimization data with competitors. The ruling under the Digital Markets Act aims to curb Big Tech dominance, with Google required to implement changes by July 2027 despite raising privacy concerns.
Thredd has joined the Visa Agentic Ready Programme, enabling European financial institutions to process AI-initiated transactions without replacing existing infrastructure. Consumer payments platform Zilch will be among the first issuers to activate these capabilities, allowing AI agents to complete purchases on behalf of cardholders using biometric authentication and secure tokenization.
Airbus signed a multi-year agreement with Iliad-owned Scaleway to provide cloud infrastructure for sensitive industrial and defence applications. The partnership supports AI tools developed with French startup Mistral and aims to migrate around 70 critical applications by 2028. The move reflects Europe's growing focus on digital sovereignty as AI becomes embedded in critical infrastructure.
European companies are set for their strongest earnings season since late 2022, with second-quarter profits expected to grow 15.3% on average. But energy sector gains mask a deeper challenge: Europe Inc lacks the AI-powered growth engines driving US corporate performance, where earnings are forecast to surge 23.7%.
OpenAI lost its appeal to trademark its name in the European Union, with the European Court of Justice ruling the term lacks sufficient distinctiveness. The EU accepted OpenAI's logo for trademark protection but rejected the name itself, stating that "open" and "AI" are common descriptive terms that competitors must remain free to use in the AI sector.
Munich-based Helsing closed a $1.8bn Series E at an $18bn valuation, making it Europe's largest defence startup. But the German defence technology company's 32x revenue multiple—far exceeding rivals like Anduril and Quantum Systems—has sparked concerns about a valuation bubble in the sector. Critics question whether European defence spending can sustain such lofty expectations.
Poste Italiane, Italy's state-backed postal service, is making an unexpected move into the AI infrastructure race with a €13.5 billion bid for Telecom Italia. The company plans to transform its nationwide network of post offices and sorting centers into distributed computing hubs, positioning itself as a sovereign alternative to U.S. tech giants in Europe's push for digital independence.
Singapore's Temasek Holdings maintains its crypto ban four years after a $275 million FTX loss, citing regulatory uncertainty. The sovereign wealth fund plans to increase AI exposure from 6% to 15% by 2031, betting on automation, robotics, and AI adoption over frontier models.
AI chip startup Cerebras accelerates its European expansion with plans to deploy 200MW of AI data center capacity by 2027 across France and the Nordics. The multibillion-dollar investment responds to soaring demand for local AI infrastructure and data sovereignty concerns, positioning the company to challenge Nvidia's dominance in the region.
Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Follow topics that matter to you and stay ahead.