🇬🇧 AI chip startup Olix just raised £312M at a massive £3.3B valuation 🦄 Backed by Arm and the UK's Sovereign AI fund, the 2-year-old company is building specialised silicon to compete on AI inference. A win for the European semiconductor ecosystem! Read more 👇 tech.eu/2026/08/03/...

UK chip startup Olix raises $312M at $3.3BN valuation

Olix is gearing to bring its first products to customers next year.

tech.eu

🚀 The UK is unlocking £1 billion in pension capital for tech scale-ups... a blueprint for the EU? A consortium of the UK’s largest pension providers is exploring a £1 billion "UK Scale-up Fund" to provide the domestic capital needed for high-growth tech companies. sifted.eu/articles/uk...

UK pension providers in talks for £1bn Scale-Up Fund

The talks come weeks after France sought reportedly to block British participation from a similar scheme in the EU.

sifted.eu

⚖️ As of Sunday, the Commission can start enforcing the EU's AI Act. The AI Office can now investigate compliance, mandate technological changes, issue fines, and even block non-compliant AI systems from the EU market.

🇪🇺 "Europe's digital future will require significant new investment in trusted infrastructure capable of supporting the growth of cloud services, artificial intelligence and data-intensive applications." www.orange.com/en/press-re...

Orange and Morrison announce plans to create a data centre joint venture to strengthen Europe's digital sovereignty

Utilising Orange's existing infrastructure, the new platform is targeting capacity of 400 MW, supported by a €3 billion investment. This contemplated partnership would represent a major strategic investment to create a sovereign offering capable of meeting the rapidly growing cloud- and AI-relate...

orange.com

🚀 Europe's AI computing capacity is getting a massive upgrade. The EU launched a call to build up to 7 new AI Gigafactories, scaling our technological sovereignty and infrastructure. ec.europa.eu/commission/...

EU launches AI Gigafactories call to boost Europe\'s computing capacity and unlock more than €30 billion in investment

The EU today launched a call for tenders to establish up to seven AI Gigafactories across Europe, as part of its latest major push to accelerate Europe\'s technological sovereignty and ambition of becoming the AI Continent.

ec.europa.eu

Brussels' banning of shared e-scooters is a textbook case of anti-progress 📉 Sign up to the Save Our Scooters campaign to save them! 🗳️ saveourscooters.be/en/ www.brusselstimes.com/opinion/223...

Brussels is banning the wrong scooters

brusselstimes.com

🇮🇸 Should we host more data centres in Iceland? Iceland currently runs on almost 100% clean power. For data centres, this constant renewable supply and natural climate cooling are exactly what's needed to scale sustainably. www.theparliamentmagazine.eu/news/articl...

Could Iceland become Europe's AI powerhouse?

The EU wants to triple its data center capacity while keeping the industry on track for net zero. Iceland's renewable energy makes it an attractive location, but its limited capacity — and its status outside the bloc — complicate the equation.

theparliamentmagazine.eu

A progressive Europe looks outwards, not inwards 🇪🇺🌍 Atomico research shows the average European unicorn is built on talent from more than 50 unique nationalities. Check out the latest State of European Tech here: eepurl.com/mTRI3v3H_o

Europe is finally getting the media ecosystem its tech sector deserves 🇪🇺 When our startup ecosystem scales, we need ETN to tell the story of how European tech is winning 💪 techcrunch.com/2026/07/27/...

Europe got its own TBPN-style live show, and everyone’s angling for a guest spot | TechCrunch

The five-day format will look quite similar to the two-day format. There will be a live show from 12 p.m. U.K. time to 3 p.m., breaking down trending stories, and then for two hours, they will have guests on the show talking about whatever they want.

techcrunch.com

Europe's answer to SpaceX? 🚀 🇩🇪 The Exploration Company is reportedly negotiating a massive funding round that would value the firm at over €2 billion. techfundingnews.com/exploration...

European startup with SpaceX ambitions seeks $300M at $2B valuation — TFN

The Exploration Company is reportedly raising at least $300M at a valuation above $2B, as investors bet Europe needs its own cargo return capability from orbit.

techfundingnews.com

"The AI industry has accepted a false constraint for years — that powerful models require expensive infrastructure. That constraint is gone." Quantum is genuinely an area where Europe can lead! 🚀 www.eu-startups.com/2026/07/spa...

Spain’s Multiverse Computing hits unicorn status after raising €500 million Series C at €1.5 billion valuation | EU-Startups

Multiverse Computing, a San Sebastian-based AI scale-up focused on sovereign and efficient AI, today announced a €500 million ($570 million) Series C at a

eu-startups.com

🏥 "Today marks a major milestone in our ambition to transform the Life Sciences industry by connecting molecule, patient and real-world outcomes." 🇫🇷 That was Dassault Systèmes CEO Pascal Daloz. www.3ds.com/newsroom/pr...

Dassault Systèmes to acquire ArisGlobal, creating a unified AI intelligence platform for the Life Sciences industry connecting molecule, patient and real-world outcomes - Dassault Systèmes

Dassault Systèmes announced that it signed a definitive agreement to acquire ArisGlobal, the leading AI-native enterprise compliance platform for the Life Sciences industry.

3ds.com

Here's a reminder that the European project is built by and for its citizens 🇪🇺 💶 The European Central Bank just dropped 10 shortlisted designs for the first complete redesign of euro banknotes. 🗳️ You can vote for your favourites here: surveys.ecb.europa.eu/10b/banknot...

Super essay on Yoram Wijngaarde that simplifies the European Innovation debate 👉 x.com/yoramdw/sta... 🇪🇺 Europeans debate Capital Markets Unions and cross-border harmonisation, but Dealroom data reveals that the single biggest constraint on our startups is labor flexibility.

Yoram Wijngaarde (@yoramdw) on X

Europe needs more room to take risks — firing costs and unicorns

x.com

🇩🇪 By 2034, Germany could realise an additional 18.7 gigawatts of capacity if it restarts its nuclear fleet. As frontier AI developers move towards cutting edge 1 gigawatt data centres. the case for abundance emerges: cheaper, cleaner energy, and the confidence to build again.

The real opportunity with AI lies in human empowerment. Enter Roleplay Sessions, Synthesia's new AI personalised coaching platform. True technological progress doesn't leave workers behind; it equips them to thrive 🚀 www.synthesia.io/post/introd...

July's DG Progress newsletter is live! 🏗️ Big month for robotics and defence startups... and Big EuroTech ⛽ EU Inc negotiations gather pace 🌉 David Galbraith on why Europe's should reject the "de-growth mindset" 🛣️ Summer consultations to look out for open.substack.com/pub/dgprogr...

Europe’s Abundance Mindset

European robotics marches on, pro-growth policymaking in the EU, and our discussion with David Galbraith.

dgprogress.eu

🇪🇺 EU-funded EUAbility project has just developed a groundbreaking multisensory tablet that pairs artificial intelligence with haptic technology, allowing people with visual impairments to truly interact with digital content 🖥️ cordis.europa.eu/article/id/...

Making technology more inclusive

Leveraging artificial intelligence and haptic solutions, researchers aim to make digital devices and content more accessible to the...

cordis.europa.eu

💥 Big news for European AI! According to reports, EQT is in talks to lead a funding round for French AI champion Mistral that would value the company at €20 billion. Exactly the kind of financial firepower Europe needs 💪 sifted.eu/articles/e5...

Exclusive: EQT’s €5bn Scaleup Fund in talks to lead Mistral round

Swedish investment firm EQT is in talks to lead or co-lead French AI darling Mistral’s Series D via the Scaleup Europe Fund.

sifted.eu

🇩🇪 German AI researchers are building strategic autonomy from the ground up. Soofi just released S 30B-A3B, one of the world's top performing open-source models. www.soofi.info/

🇮🇪 "This is a significant day for the Irish economy, and for the semiconductor industry in particular," Ireland's Taoiseach Micheál Martin said, welcoming the news that Intel will be pumping €5 billion capital investment to expand County Kildare's Leixlip campus. www.irishtimes.com/business/20...

Intel to invest €5bn in Leixlip campus on next-generation chips to power AI

Tech giant says hundreds of highly skilled roles and thousands of construction jobs will be created

irishtimes.com

🇱🇹 Lithuanian champion Oxylabs just secured €113.6 million, rocketing its valuation to a massive €3.1 billion 🦄 www.eu-startups.com/2026/07/new...

New Lithuanian unicorn: Oxylabs ends bootstrapped streak after securing €113.6 million at €3.1 billion valuation | EU-Startups

Oxylabs, a Vilnius-based data infrastructure platform, has secured €113.6 million ($130 million) in funding from Warburg Pincus, valuing the company at

eu-startups.com

The next frontier of AI is physical—and Europe is perfectly positioned to lead it 🇪🇺🤖 Norwegian-American robotics pioneer 1X Technologies just dropped a massive milestone for embodied AI: human-level dexterity for their household humanoid robot, NEO. youtube.com/watch?v=QRy...

NEO’s Hands

The new 25-DoF robotic hands for the NEO platform mark a fundamenta...

youtube.com

Headline's AI Europe 100 2026 data shows that Europe is building global category leaders. Europe has the builders, the brains, and the momentum. Time to write the checks to match. 🚀 headline.com/blog-latest...

🇪🇺 The European Investment Bank and EU governments just launched the European Tech Champions Initiative (ETCI) 2.0 scale-up push. ETCI 1.0 successfully backed 12 European unicorns, including DeepL. For European founders, the ceiling just got exponentially higher. 🚀 www.euractiv.com/news/europe...

🇸🇪 Is Lovable on track to be Europe's new AI champion? The Swedish startup is reportedly in talks to raise fresh capital at a $12 billion valuation. Lovable quietly redefined the AI industry with its "vibe coding" tool. techfundingnews.com/lovable-rai...

Lovable in talks to raise funding at $12B valuation, doubling its price tag in six months: report — TFN

Stockholm-based Lovable is negotiating new funding at a $12B valuation, up from $6.6B in December, as it scales to $400M ARR in the low-code market.

techfundingnews.com

Two years ago, Draghi prophesised the EU's "slow agony" if it didn't pivot towards competitiveness – how have we responded since? Institut Montaigne just released a checkup on the 567 recommendations 📊 Read the Institut Montaigne's full analysis here: www.institutmontaigne.org/publication...

🚀 Myth vs. Reality: The AI "Job Apocalypse" (that wasn't) If you've been listening to the AI-doomers, you’d think the labour market was collapsing. Well, Australia’s government just released a first-of-its-kind report that proves otherwise.

Europe is on the brink of a massive entrepreneurial breakthrough. 🚀 We are witnessing a "second great compression of entrepreneurship." 📈

⚛️ Who said Europe can't build the clean energy infrastructure of the future? 🇩🇪 Munich's Proxima Fusion just secured the largest private fusion round in our history. The homegrown European chamber is now valued at to €2.4 billion. 🦄 sifted.eu/articles/go...

Google backs Proxima Fusion in €411m raise

Munich-headquartered Proxima Fusion has raised €411m at a €2.5bn valuation in a round led by XTX Ventures and East X Ventures. 

sifted.eu