Thursday, 08 October 2026 · Europe
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EUROPES The European Report
European Edition Thursday, 08 October 2026
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Tech & Startups

Tech & Startups

European technology, startups, AI and innovation.

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Meta avoids payout as teenager drops addiction lawsuit

A Florida teenager has dropped his lawsuit accusing Meta of designing addictive features, but the company still faces massive financial risks from thousands of similar US

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Monday.com cuts 630 staff in AI-focused restructuring

Workplace software firm Monday.com is shedding 630 employees to fund an AI pivot, underscoring a brutal sector-wide trend of job c

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Arrakis emerges from stealth with $38 million to bring AI to factories and supply chains

Arrakis, a London and Paris startup building what it calls an AI operating system for industrial companies, has emerged from steal

European EV sales surpass 25% market share as transition accelerates

Samsung preempts Apple foldable with six-device London launch

US AI data centre opposition rises as Virginia tax gains highlight infrastructure costs

US lab Arcee dismisses security fears over Chinese AI models

Substack deploys AI detection tool to flag generated content

OpenAI raises infrastructure budget to $750bn and plans Georgia data centre

Revolut hits $115bn valuation, targeting $200bn 2028 IPO

AI security startup Glow raises $180m at $1.2bn valuation to block device threats

AppLovin backs AI startup Velocity to monetise user intent via advertising

NEURA bets on robot gyms to anchor Europe's physical AI

OpenAI appoints Nubank and BNY chiefs to boards ahead of IPO

Firms that pay ransoms face repeat extortion demands

AI labs secretly buy and destroy old books for clean training data

Block launches Buzz, an open-source Slack rival for AI agents

UK watchdog finds all leading AI models cheat in tests

Meta’s AI is deleting accounts, and the only way to appeal is more AI

OpenAI and Anthropic now out-lobby Nvidia in Washington

Wisconsin demands $7bn collateral for Oracle AI data centre

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