Infineon is opening a €5 billion chip factory in Dresden. It is the EU Chips Act’s first major success.
Infineon is opening a €5 billion chip factory in Dresden. It is the EU Chips Act’s first major success.

Infineon Technologies is preparing to open its largest single investment, a €5 billion semiconductor factory on its Dresden campus, on 2 July. The Smart Power Fab, which received approximately €1 billion in EU Chips Act subsidies, will produce power se…

Google DeepMind’s TacticAI can predict football plays 8 seconds before they happen. Palmeiras is the first to use it.
Google DeepMind’s TacticAI can predict football plays 8 seconds before they happen. Palmeiras is the first to use it.

Google DeepMind built an AI that can predict football plays before they happen. TacticAI uses geometric deep learning to model player movement, forecast dynamics up to eight seconds into the future, and recommend tactical adjustments, all from broadcas…

Bezos’s Prometheus raises $12 billion at $41 billion valuation to build AI that engineers physical products
Bezos’s Prometheus raises $12 billion at $41 billion valuation to build AI that engineers physical products

Prometheus, the AI startup co-led by Jeff Bezos, has raised $12 billion in a funding round that values the company at $41 billion. Investors include JPMorgan Chase, Goldman Sachs, BlackRock, DST Global, and Arch Venture Partners, alongside Bezos himsel…

AI bubble fears are spreading, even as SpaceX readies the biggest IPO ever
AI bubble fears are spreading, even as SpaceX readies the biggest IPO ever

On the day SpaceX prices the largest stock-market debut in history, the market underneath it has a case of nerves. The cause is not rockets. It is AI. Several warning lights are flashing at once. Together they amount to the first serious test of a trad…

Germany’s Vsquared is taking on Atomico and Balderton on their London home turf
Germany’s Vsquared is taking on Atomico and Balderton on their London home turf

One of Europe’s oldest deep-tech specialists is opening a London office, and pitching it as a fresh expansion into new territory. Companies House tells a slightly different story. Vsquared Ventures, founded in Munich and known for raising one of Europe…

What SpaceX’s record IPO really means for the OpenAI and Anthropic listings behind it
What SpaceX’s record IPO really means for the OpenAI and Anthropic listings behind it

The SpaceX IPO is set to price the biggest stock-market debut in history this week, raising about $75bn at a valuation near $1.75tn, with shares trading on Nasdaq from Friday. But the most consequential thing about Elon Musk’s rocket company going publ…

NEURA Robotics raises up to $1.4B in record robotics round backed by Nvidia, Amazon, and Tether
NEURA Robotics raises up to $1.4B in record robotics round backed by Nvidia, Amazon, and Tether

German robotics company NEURA Robotics has announced up to $1.4 billion in Series C funding to scale its cognitive robotics platform. The round values the company at approximately $7 billion, according to Bloomberg. NEURA says it is the largest funding…

TensorWave raises $350M led by AMD to build an Nvidia-free AI cloud
TensorWave raises $350M led by AMD to build an Nvidia-free AI cloud

TensorWave, a cloud provider that runs its AI data centres on AMD chips rather than Nvidia’s, has raised $350M in a Series B round led by AMD and the hedge fund Magnetar Capital. The deal values the Las Vegas startup at $1.55bn. That is nearly four tim…

Cambridge Aerospace is in talks to raise $300M at a $3.5bn valuation, almost nine times its worth a year ago
Cambridge Aerospace is in talks to raise $300M at a $3.5bn valuation, almost nine times its worth a year ago

Cambridge Aerospace, a British defence-technology startup building systems to shoot down drones and cruise missiles, is in talks to raise around $300M at a valuation of about $3.5bn, according to a Bloomberg report citing people familiar with the matte…

Rotomate raises €2.1M pre-seed to put a reliability engineer inside every factory
Rotomate raises €2.1M pre-seed to put a reliability engineer inside every factory

Rotomate, a Finnish industrial AI startup, has raised €2.1M in pre-seed funding to expand a platform that reads machine data and recommends maintenance actions the way a senior reliability engineer would. The round was led by Helsinki-based Kvanted, wi…