TNW | The heart of tech

Startups and technology

AI is crushing startup valuations for companies that raised before ChatGPT existed

More than 220 former unicorns have lost their billion-dollar status as venture capital concentrates in a handful of AI giants, leaving pre-2023 startups stranded between inflated valuations and a market that has moved on

ARTIFICIAL INTELLIGENCE
Parloa turns its $350 million war chest into a partnership web spanning SAP, Microsoft, and OpenAI
STARTUPS AND TECHNOLOGY
Dutch Uptmz acquired by Aizy to build one AI ad platform across Google, Microsoft and Meta
INVESTORS AND FUNDING
Orbital Industries raises $50M Series B for AI-designed data-centre hardware
BUSINESS
France’s startup scene is falling behind the US and Europe, and AI is both the cause and the cure

Investors and funding

DEEP TECH

A German startup raised $240 million to commercialise the only fusion experiment that has ever produced net energy

Focused Energy’s laser-powered reactor is based directly on the National Ignition Facility’s historic 2022 breakthrough. German utility RWE led the round and will host the first demonstration plant at a decommissioned fission reactor site.

Corporates and innovation

CORPORATES AND INNOVATION

Intel is bringing a chip to every computing category at Computex. The last time it could do that, it was the company everyone was trying to catch.

Government and policy

ARTIFICIAL INTELLIGENCE

The EU’s €20 billion plan for five AI gigafactories is falling apart before the first bid is even submitted

Delays, funding gaps, and moving goalposts have narrowed the field from 70 interested companies to about 10, with at least two consortia reconsidering. SoftBank’s €75 billion France deal alone dwarfs the entire programme.

Latest news

Get the TNW newsletter