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European fintechs face new regulatory hurdles despite record funding

European fintechs face new regulatory hurdles despite record funding

European tech startups raised €15.8 billion in September, a nearly fivefold increase from August, according to Tech.eu. However, the sector now faces intensified scrutiny on payments, AI liability, and labor laws as regulators close loopholes.

Business10 October 20265 min readSources 8
Spotify launches tech portal to sell internal AI tools

Spotify launches tech portal to sell internal AI tools

Spotify launched a dedicated technology portal on 8 October to sell its internal development tools to other companies, a move that formalizes a business unit that has remained a financial footnote for years.

Business8 October 20266 min readSources 12
Google keeps AdX as publishers pursue $3.2 billion in damages

Google keeps AdX as publishers pursue $3.2 billion in damages

A US judge on 2 October granted publishers a jury trial on their antitrust claims against Google's advertising exchange. The ruling preserves Google's control over AdX while setting the stage for a damages hearing.

Business4 October 20263 min readSources 9

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California Subpoenas OpenAI Over AI Agents That Hacked Hugging Face

California Subpoenas OpenAI Over AI Agents That Hacked Hugging Face

California attorney general Rob Bonta issued an investigative subpoena to OpenAI on 1 October. The move opens a formal inquiry into cybersecurity incidents involving the company's AI models, following the July breach of the Hugging Face platform by its agents.

Business2 October 20266 min read
Blackfuel emerges from stealth with Barcelona GPU deployment

Blackfuel emerges from stealth with Barcelona GPU deployment

AI cloud provider Blackfuel came out of stealth on 30 September and named Digital Realty's BCN1 data center in Barcelona as its first deployment, a site with 161,500 sq ft (15,000 sqm) of colocation space that opened earlier this year.

Business2 October 20265 min read
Blackfuel launches with a Barcelona inference build as cloud revenue growth meets hardware

Blackfuel launches with a Barcelona inference build as cloud revenue growth meets hardware

AI cloud provider Blackfuel emerged from stealth on 30 September with plans to put its first deployment inside Digital Realty's BCN1 data center in Barcelona, betting that contracted demand, not speculative capacity, is how an AI cloud gets financed.

Business2 October 20265 min read
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Man City's 115-charge verdict lands as football's biggest financial scandal

Manchester City were found guilty of 114 of the 115 charges brought by the Premier League. The investigation found the club inflated revenue and cut costs by more than 900 million pounds between 2009/10 and 2017/18.

Business2 October 20264 min read
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Armadin raises $255.5M at $2.5B valuation six months after Series A

Kevin Mandia's agent-swarm security startup Armadin announced a $255.5 million Series B on Thursday, valuing the company at more than $2.5 billion, according to TechCrunch. The round lands just six months after a $190 million Series A in March, taking total funding past $445 million.

Business2 October 20263 min read
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CoreWeave Launches Forge, Pushing Beyond GPU Rental Into Enterprise AI Software

CoreWeave unveiled CoreWeave Forge on 30 September, an integrated software platform for building and running AI models and agents that moves the GPU cloud provider directly into the enterprise software market.

Business2 October 20265 min read
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Micron guides to $61.5bn revenue as memory crunch reshapes quarterly earnings

Micron told investors on Wednesday it expects about $61.5 billion in revenue for its fiscal first quarter, after fiscal fourth-quarter results beat estimates on a 343% jump in DRAM revenue.

Business2 October 20264 min read
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Enterprise Software Deal Wave: Tencent Leases 100,000 Oracle AI Chips for $7bn

Tencent has signed a five-year lease for about 100,000 advanced AI chips from Oracle in a deal worth roughly $7bn, the Financial Times reported on 2 October, the largest overseas compute lease the Chinese company has struck with a US cloud provider.

Business2 October 20267 min read
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Micron's Q4 Revenue Nearly Quadruples as $61.5B Guidance Tops Estimates

Micron reported fiscal fourth-quarter results on Wednesday that beat estimates, with revenue almost quadrupling year over year, and guided fiscal first-quarter revenue to about $61.5 billion, above the $57 billion analysts polled by LSEG had expected.

Business2 October 20266 min read
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Apple hit with $5.7bn patent verdict as Trump signs a purely voluntary AI code

A San Diego jury ordered Apple to pay $5.7bn on Friday for infringing two Taction Technology haptics patents, one of the largest patent awards against the company, while a White House AI code of conduct signed on 30 September carries no legal weight at all.

Business1 October 20266 min read
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Tech's week of legal pressure: Apple's $5.7bn verdict and Beam's gene editing suit

Apple was ordered on Friday to pay $5.7bn after a US jury found its haptic tech infringed Taction Technology's patents. The same week, Beam Therapeutics sued two Chinese companies over alleged gene editing theft, and Trump signed a voluntary AI code of conduct.

Business1 October 20265 min read
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