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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US launches $5bn AI science fund, reshaping research

The US has committed over $5 billion to an AI-driven science initiative and outlined plans to restructure $200 billion in annual federal research funding, a structural sh

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Monday.com slashes 20% of staff as software sector faces AI reckoning

Monday.com is laying off 620 employees to restructure around artificial intelligence, a move that underscores growing investor pan

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EU approves Science Corp's vision chip to treat blindness

Science Corporation has secured European regulatory approval to sell a microchip that restores sight, giving the brain-computer in

London startup Yope raises $12.3M to challenge Meta with ad-free social network

Monday.com cuts 630 staff in AI-focused restructuring

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

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

Substack adds AI detection as 'human-made' becomes premium

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

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