The European Commission claims €80B of €120B in post-EU Chips Act investments remain on track, despite the stalled GlobalFoundries-STMicro project in France
which is around 10 to 11 percent, nowhere close the 2030 target of 20 percent. [embedded post] Forums: r/europe : Europe's relentless semiconductor decline r/hardware : Europe's relentless semiconduc...
A look at France-based indie game studio Sandfall Interactive, whose critically acclaimed Clair Obscur: Expedition 33 had a sub-$10M budget and sold 5M+ copies
which includes a close estimate on what it really took (and cost) to make the game. https://www.nytimes.com/... Marcel / @guru_xd : Good games don't need absurd budgets Clair Obscur expedition 33 was ...
France-based Scintil Photonics, which is developing integrated photonic system-on-chips for AI infrastructure, raised a $58M Series B led by Yotta and NGP
Tamara Djurickovic / Tech.eu :
France-based chipmaker SiPearl raised a €130M Series A from Taiwan's Cathay Venture and others to develop its ARM-based Rhea1 AI chip, set to feature 80 cores
Benoit Berthelot / Bloomberg :
NYC-based Brookfield says it plans to invest ~$9.9B to build an AI data center in Strangnas, Sweden, after committing to spending €20B in France earlier in 2025
Supantha Mukherjee / Reuters :
Amsterdam-based neobank Finom raised €92.7M from General Catalyst and says it serves 100K+ SMBs across Germany, France, Spain, the Netherlands, and Italy
Mary Ann Azevedo / TechCrunch :
Sensor Tower: Shein's ad spend rose 35% MoM in France and the UK in April, while Temu's jumped 40% MoM and 20% MoM, respectively, amid Trump's de minimis ban
Arriana McLymore / Reuters :
France's gambling regulator says it is “aware” of Polymarket and is “currently examining its operation and compliance”, after user Fredi9999 made a ~$48M profit
- Inquiry follows publicity around French trader's huge bets — New evidence on whale's profit grows haul to $78 mln
Telegram's 2023 financials: $342.5M revenue, 40% of which came from crypto-related line items, and $108M operating loss; it had holdings of ~$400M in Toncoin
Pavel Durov's company has been coining it in — Pavel Durov's arrest in France for allegedly failing to control criminal content on Telegram …
Dealroom analysis of European startups: as of May 2024, the UK had 785 startups with at least $25M of annual revenue, France had 309, and Germany had 255
Parmy Olson / Bloomberg : X: @pauljdavies X: Paul Davies / @pauljdavies : Forget the Unicorns and Decacorns (FFS!) - investors should be all about the colts and thoroughbreds in the race for the next...