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Nscale closes a $900m revolving credit facility to fund its data-centre build-out
Investors and funding
Gyre Energy raises $1.3m to make the world’s cold stores work less when power costs most
Investors and funding
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Reach founders, executives, and tech decision-makers across the US and Europe.
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Latest news
ARTIFICIAL INTELLIGENCE
Skello raises €200M and its founders end up owning more of the company
Paris-based Skello has raised €200m led by Bridgepoint to expand its AI HR software for frontline teams. In a rare twist for a round this size, the profitable, female-founded startup’s founders increased their stake, and the cash is earmarked for a European acquisition spree.
INVESTORS AND FUNDING
BAE-backed Expeditions raises €197M fund for European defence startups
The Warsaw firm, with BAE Systems and the NATO Innovation Fund among its backers, will spread the money across up to 40 early-stage companies.
ARTIFICIAL INTELLIGENCE
SAP freezes hiring and travel to shovel cash into AI
SAP has told staff it will freeze most hiring, halt non-essential travel and cut supplier spending to fund a “significant” AI push. The memo lands with Europe’s largest software company down about 33 per cent this year, as investors worry AI will erode demand for its core products.
APPLE
The Supreme Court lets Texas turn Apple and Google into the internet’s age gate
The US Supreme Court has declined to block the Texas App Store Accountability Act, which forces Apple and Google to verify users’ ages and get parental consent for minors. It is the clearest sign yet that the app store, not the website, is becoming America’s online age checkpoint.
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