More than 60 tech funding deals worth over €2.7 billion were tracked in Europe last week, with artificial intelligence, healthtech, and software being the top industries. Germany, Sweden, and the UK led the countries with the most funding. The Tech.eu Funding Explorer provides deeper insights into funding data, investor activity, and market trends.

Meta and Anthropic are reportedly discussing a potential $10 billion AI computing deal, which could significantly impact the AI industry. This deal would provide Anthropic with the necessary resources to further develop its AI technologies. The partnership could also enhance Meta's AI capabilities, allowing the company to stay competitive in the market.

Apple has filed a trade secrets lawsuit against OpenAI, alleging misconduct and claiming over 400 former Apple employees now work at the company. This lawsuit could disrupt OpenAI's plans for an initial public offering (IPO). The timing of the lawsuit couldn't be worse for OpenAI, which is reportedly eyeing an IPO in the near future.

Meta is in talks to lease computing power to Anthropic in a potential $10 billion deal, marking a significant partnership between two major players in the AI industry. This deal could have far-reaching implications for the development and deployment of AI models. The partnership is expected to enhance Anthropic's capabilities and accelerate the growth of the AI sector.

The British Business Bank has committed €25 million to EQT Life Sciences' EQT Health Economics 3 Fund, supporting high-potential life sciences companies in the UK. This investment is part of the Bank's ongoing efforts to back the UK's life sciences sector, one of the eight growth sectors of the UK Industrial Strategy. The fund will focus on commercial-stage, de-risked medtech and digital health technologies.

This week, Helsing secured $1.8B Series E funding at an $18B valuation, while Uber acquired Delivery Hero in a €13B deal and Revolut announced plans to launch a US bank in 2027. These developments highlight significant investments and acquisitions in the European tech industry. The funding landscape is shifting, with notable trends in venture activity, investor moves, and emerging sectors.

Contrary to popular belief, the surge of billion-dollar 'seed' rounds in AI doesn't guarantee venture-like returns. Drawing parallels with biotech's history of capital-intensive startups, new data suggests that only a tiny fraction of mega-funded first rounds deliver exceptional investor outcomes, challenging the perceived rewrite of the venture model.

OpenAI, the creator of ChatGPT, is reportedly seeking a staggering $1 trillion valuation for its upcoming initial public offering (IPO), signaling immense confidence in its generative AI leadership. This ambitious target follows SpaceX's record-breaking IPO and sets a new benchmark for the burgeoning AI industry, attracting significant attention from investors and competitors alike.

Europe's tech ecosystem is witnessing a significant resurgence, with over €2.8 billion in funding deals reported this week, signaling a robust venture capital rebound. Major investments into hyperscalers like Nscale, deep tech pioneers such as Proxima Fusion, and strategic AI acquisitions underscore a growing confidence in the continent's innovation capacity and its pivotal role in the future of AI.

Europe posted its strongest venture funding quarter in four years, with $24 billion raised in Q2. The UK gained significant share, raising over $10 billion, and M&A activity picked up. AI-centric companies, including those spun out of Google DeepMind, drove large rounds.

Quantum Systems has raised $1.2 billion at an $8 billion valuation, while IQM becomes the first European quantum company to list on a major US exchange. This development is part of a larger trend of significant funding and investment in European startups, with over 55 tech funding deals worth over €1.6 billion in June. The European startup ecosystem is experiencing rapid growth, with notable acquisitions, mergers, and investments in various sectors.

Billions flood longevity research as scientists explore AI-driven cellular reprogramming to reverse aging. MIT’s Roundtable unpacks the science, funding, and ethical dilemmas behind this cutting-edge field.

OpenAI co‑founder Greg Brockman testified that the company expects to spend $50 billion on compute this year, a figure tied to massive cloud and hardware deals. The revelation spotlights the economics of large‑scale AI and raises questions about profitability and investor expectations.