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ECOSYSTEMS
Dealroom CEO says Europe’s first trillion-dollar startup may already exist
Dealroom counts 56 European companies worth over $10bn and none worth $1tn. Its founder said putting 1% of pension money into venture capital would lift European tech scale-up funding by 50%.
OPENAI
OpenAI expects a $70bn revenue run rate by year-end, Bloomberg reports
The forecast follows a Financial Times report that the run rate was nearing $50bn in September. The FT said the $70bn OpenAI revenue figure came from investors comparing it with Anthropic.
ARTIFICIAL INTELLIGENCE
SAP’s Sean Kask: software firms must become AI companies or perish
Tables hold most of a company’s value, and language models cannot read them, Kask said of SAP’s €1bn-plus bet on Prior Labs. Europe should stay out of the race for bigger language models, he said.
BUSINESS
Musk blames Indian ‘oligarchs’ for Starlink delay, India calls it baseless
Elon Musk hinted that Mukesh Ambani is keeping Starlink out of India. The government says its rules are fair.
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