Jensen Huang, the CEO of Nvidia, has captured the attention of Europe with his electrifying presence. This week, his tour across London and Paris transformed the tech landscape into what can only be described as a “rock concert” setting. Long queues formed outside venues to catch a glimpse of the tech mogul, and the palpable
Enterprise
In a noteworthy advancement for the quantum computing sector, IonQ has announced its acquisition of the UK-based startup Oxford Ionics for an impressive $1.1 billion. This ambitious purchase signifies not only a substantial investment in cutting-edge technology but also a strategic maneuver aimed at consolidating strengths within a rapidly evolving industry. The acquisition, comprising $1.065
In the realm of budget e-commerce, Temu and Shein were riding high on the wave of American consumerism—until unexpected regulatory hurdles changed the landscape. With their businesses suffering due to stricter trade policies in the U.S., these China-based platforms are pivoting towards Europe, seeking refuge in what they hope will be a more favorable market.
In a groundbreaking financial maneuver, Vantage Data Centers has successfully raised €720 million (approximately $821.4 million) through a pioneering asset-backed securitization (ABS) transaction in Europe. This move isn’t merely a financial one; it represents a significant milestone for the data center industry on the continent, marking the first euro-denominated ABS deal leveraging data center assets.
The impending arrival of World, an ambitious biometric identity verification project rooted in advanced eye-scanning technology, raises pressing questions about its implications for privacy and autonomy. Co-founded by OpenAI’s Sam Altman, World seeks to authenticate human identities and mitigate the potential for artificial intelligence abuse, particularly concerning deepfakes. Set to launch in the UK, this
Omada Health’s recent initial public offering (IPO), priced at $19 per share, marks a pivotal moment in the rapidly evolving landscape of virtual health care. With 7.9 million shares available, this offering garnered approximately $150 million, and it comes at a time when the tech IPO market is displaying burgeoning activity—an encouraging sign for the
The launch of the Nintendo Switch 2 has set a new benchmark in the gaming industry, marking not just the release of a console, but the blossoming of a cultural moment. The excitement surrounding the Switch 2, characterized by long lines and pre-order frenzy, is indicative of something deeper—a collective yearning for innovation that the
Jared Isaacman, once the ambitious CEO of Shift4 Payments, found himself on a rollercoaster of political aspirations catalyzed by his surprising nomination by President Trump for a position at NASA. It’s easy to romanticize careers, especially when they involve high-stakes bureaucracy and the allure of space exploration. Isaacman described his “brief stint in politics” as
Klarna, often branded as the epitome of the “buy now, pay later” (BNPL) model, is embarking on a significant strategic shift. The company’s recent announcement of a pilot program for its Visa debit card, dubbed the Klarna Card, underscores its ambition to metamorphose from the BNPL poster child into a comprehensive financial services provider. This
In May 2023, the Chinese electric vehicle (EV) market witnessed a striking surge in deliveries, with companies like Leapmotor and Aito celebrating historic milestones. Leapmotor, backed by Stellantis, achieved a remarkable 45,067 vehicle deliveries—a staggering 148% increase from the same month last year. Aito, utilizing Huawei technology, also announced 44,454 deliveries. This data underscores a