AI data centres are driving up power bills at America’s Rust Belt factories
Artificial Intelligence
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BAE-backed Expeditions raises €197M fund for European defence startups
Investors and funding
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DEEP TECH
Quaise raises $134M to drill superhot rock with microwaves
Quaise Energy has raised a $134M first close of Series B, led by Prelude Ventures. It plans to drill kilometres down and vaporise rock with millimetre-wave beams.
DEEP TECH
Quaise raises $134M to drill superhot rock with microwaves
Quaise Energy has raised a $134M first close of Series B, led by Prelude Ventures. It plans to drill kilometres down and vaporise rock with millimetre-wave beams.
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.
ARTIFICIAL INTELLIGENCE
ECB tells Europe’s big banks to plan for AI cyber threats
The ECB’s top supervisor has ordered euro-area banks to submit plans for the cyber threat from frontier AI by end-October. The trigger is a model like Anthropic’s Claude Mythos.
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