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Latest news
ARTIFICIAL INTELLIGENCE
Irish fleet-safety firm CameraMatics raises up to €49M to take on Samsara in the US
The Dublin-founded company uses AI to spot crashes before drivers do. A Blume Equity-led round, backed by Ireland's sovereign fund and AIB, will fund a push into North America.
ASIA
The world’s top-selling robot vacuum maker is eyeing a Hong Kong IPO. It also wants to build a hypercar.
Dreame Technology, valued at $9.6 billion in a pre-IPO round, is considering a listing as soon as next year. The former Xiaomi ecosystem company now dominates robot vacuum sales in 30 countries.
ARTIFICIAL INTELLIGENCE
Meta signs its first India data-centre deal, leasing a 168MW AI facility from Reliance
Reliance will build and run the Jamnagar site on renewable power and desalinated seawater. Meta is the latest hyperscaler sending AI compute to India.
DEEP TECH
Infineon is opening a €5 billion chip factory in Dresden. It is the EU Chips Act’s first major success.
The power semiconductor fab, backed by €1 billion in EU subsidies, will produce chips for AI data centres that Infineon says will consume as much electricity as all of Germany by 2030.
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