Tag #European Tech

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elpais.com

🌐 85% Global Worthiness

Mar 3, 19:11

MWC Highlights Europe's Telecom Struggle Against US-China Tech Dominance

At the Mobile World Congress (MWC) in Barcelona, European telecom giants highlighted the need for less regulation and greater consolidation to compete with US and Chinese tech firms, emphasizing the urgency of maintaining Europe's technological independence and investing €20 billion annually in infr...

MWC Highlights Europe's Telecom Struggle Against US-China Tech Dominance

At the Mobile World Congress (MWC) in Barcelona, European telecom giants highlighted the need for less regulation and greater consolidation to compete with US and Chinese tech firms, emphasizing the urgency of maintaining Europe's technological independence and investing €20 billion annually in infr...

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What are the key challenges faced by European telecommunications operators, and how are they attempting to overcome them?

The MWC underscores the urgent need for European telecom companies to adapt to a rapidly changing technological landscape dominated by US and Chinese giants. To counter this, European operators advocate for less regulation and increased consolidation to boost investment in infrastructure and improve services. This strategy aims to enhance competitiveness and prevent further technological dependence on foreign entities.

theguardian.com

🌐 85% Global Worthiness

Feb 24, 13:10

Prosus Acquires Just Eat Takeaway.com for €4.1 Billion

Prosus, a South African investor, acquired Just Eat Takeaway.com for €4.1bn (£3.4bn) on [Date], two months after the company left the London Stock Exchange, marking a significant consolidation in the European food delivery market.

Prosus Acquires Just Eat Takeaway.com for €4.1 Billion

Prosus, a South African investor, acquired Just Eat Takeaway.com for €4.1bn (£3.4bn) on [Date], two months after the company left the London Stock Exchange, marking a significant consolidation in the European food delivery market.

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What are the immediate consequences of Prosus's acquisition of Just Eat Takeaway.com?

Prosus, a South African investor, has acquired Just Eat Takeaway.com for €4.1bn (£3.4bn). This follows Just Eat's recent departure from the London Stock Exchange and represents a 22% premium to its three-month high share price. The deal is expected to create a European tech champion.

lexpress.fr

🌐 85% Global Worthiness

Feb 4, 10:09

France 2030: Budget Cuts and Open-Source AI Strategy

Bruno Bonnell, in charge of France's €54 billion "France 2030" innovation plan, faces budget cuts and criticism over its efficacy, while advocating for an open-source approach to AI to counter US and Chinese dominance; despite setbacks like the failed "Lucie" chatbot, he emphasizes the importance of...

France 2030: Budget Cuts and Open-Source AI Strategy

Bruno Bonnell, in charge of France's €54 billion "France 2030" innovation plan, faces budget cuts and criticism over its efficacy, while advocating for an open-source approach to AI to counter US and Chinese dominance; despite setbacks like the failed "Lucie" chatbot, he emphasizes the importance of...

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How does France's open-source AI strategy aim to counter the dominance of US and Chinese AI companies, and what are the potential challenges?

The plan's focus on open-source AI, aiming to counter US and Chinese dominance, is a strategic response to the challenges posed by DeepSeek. Bonnell emphasizes the importance of ethical and transparent AI development reflecting European values, doubling AI investment to €4 billion. However, concerns remain about the plan's efficacy and whether funding is spread too thinly.

corriere.it

🌐 85% Global Worthiness

Dec 25, 13:07

Italian Startup Challenges US AI Dominance with New Supercomputer

iGenius, an Italian AI startup, is building a supercomputer, Colosseum, powered by Nvidia engines and hosted by Leonardo, demonstrating a European challenge to US AI dominance.

Italian Startup Challenges US AI Dominance with New Supercomputer

iGenius, an Italian AI startup, is building a supercomputer, Colosseum, powered by Nvidia engines and hosted by Leonardo, demonstrating a European challenge to US AI dominance.

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What is the significance of iGenius's supercomputer development for the global AI landscape?

iGenius, an Italian startup, recently announced the construction of a supercomputer, Colosseum, based on Nvidia engines. This follows their recent 650 million funding round and will be hosted by Leonardo, an Italian company possessing one of the world's fastest supercomputers. This signifies a shift away from the US dominance in AI.

kathimerini.gr

🌐 85% Global Worthiness

Dec 14, 12:25

Greek Startups Thrive: Pandemic Spark Ignites 555 Million Euro Funding Surge

In 2024, over 90 Greek startups raised 555 million euros in funding, with 80% of that capital concentrated in 10 companies. 8 out of 10 of these companies were founded during or shortly before the COVID-19 pandemic, highlighting the pandemic's impact on entrepreneurial activity.

Greek Startups Thrive: Pandemic Spark Ignites 555 Million Euro Funding Surge

In 2024, over 90 Greek startups raised 555 million euros in funding, with 80% of that capital concentrated in 10 companies. 8 out of 10 of these companies were founded during or shortly before the COVID-19 pandemic, highlighting the pandemic's impact on entrepreneurial activity.

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What is the primary impact of the COVID-19 pandemic on the Greek startup ecosystem and its attraction of global investment?

During the COVID-19 pandemic (2019-2020), 80% of Greek startups securing funding this year were founded. Half of these funded startups are in their initial development phase, demonstrating a surge in entrepreneurial activity.

nrc.nl

🌐 85% Global Worthiness

Feb 24, 22:09

Prosus Acquires Just Eat Takeaway.com for €4.1 Billion

Prosus, the investment arm of Naspers, is acquiring Just Eat Takeaway.com (JET) for €4.1 billion, aiming to create a European tech champion. JET will remain headquartered in Amsterdam, with its CEO staying on but selling his shares. The acquisition reflects a broader undervaluation of European tech ...

Prosus Acquires Just Eat Takeaway.com for €4.1 Billion

Prosus, the investment arm of Naspers, is acquiring Just Eat Takeaway.com (JET) for €4.1 billion, aiming to create a European tech champion. JET will remain headquartered in Amsterdam, with its CEO staying on but selling his shares. The acquisition reflects a broader undervaluation of European tech ...

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How does Prosus's experience with iFood inform its strategy for integrating and growing Just Eat Takeaway.com, and what are the potential challenges?

Prosus's strategy involves leveraging its experience in the food delivery sector, particularly its ownership of iFood in Brazil, to accelerate JET's growth in profitable European markets. They aim to employ iFood's successful growth strategy, which saw a 30% increase in orders last year, in contrast to JET's 5% decrease. This 'winner-takes-all' market necessitates aggressive growth to increase margins.

sueddeutsche.de

🌐 85% Global Worthiness

Feb 5, 07:10

European Startups Urge Action to Counter US and Chinese AI Dominance

Facing competition from US and Chinese AI giants, French and German startups call for a strengthened European AI sector, proposing increased investment, regulatory alignment, and public sector adoption to secure technological sovereignty.

European Startups Urge Action to Counter US and Chinese AI Dominance

Facing competition from US and Chinese AI giants, French and German startups call for a strengthened European AI sector, proposing increased investment, regulatory alignment, and public sector adoption to secure technological sovereignty.

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What immediate actions do French and German AI startups propose to counter the dominance of US and Chinese AI giants?

French and German startups urge Europe to bolster its AI sector to compete with US and Chinese giants, citing the need to secure technological sovereignty. They highlight the need for increased investment and a pan-European program to mobilize capital from insurers and pension funds.

faz.net

🌐 75% Global Worthiness

Jan 28, 22:12

SAP's Strategic Crossroads: Size, Bureaucracy, and the Search for Western Influence

SAP, Germany's most valuable company (€300 billion market cap), faces challenges due to its relatively small size compared to US tech giants, leading CEO Christian Klein to consider a more Western-oriented future for the company amid EU efforts to boost competitiveness.

SAP's Strategic Crossroads: Size, Bureaucracy, and the Search for Western Influence

SAP, Germany's most valuable company (€300 billion market cap), faces challenges due to its relatively small size compared to US tech giants, leading CEO Christian Klein to consider a more Western-oriented future for the company amid EU efforts to boost competitiveness.

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How does SAP's size and influence compared to US tech giants affect its strategic position and future prospects within the European and global markets?

SAP, valued at over €300 billion, is Germany's most valuable DAX company, yet pales in comparison to global tech giants like Apple. This highlights the challenges faced by CEO Christian Klein, as SAP lacks the political influence enjoyed by US tech firms.

lexpress.fr

🌐 75% Global Worthiness

Dec 19, 13:11

Atos Completes Restructuring, Reduces Debt by €2.1 Billion

French IT group Atos finalized its financial restructuring plan on December 19th, reducing debt by €2.1 billion through equity conversion and new financing, avoiding bankruptcy and paving the way for a strategic refocusing involving the potential sale of its "Advanced Computing" division to the Fren...

Atos Completes Restructuring, Reduces Debt by €2.1 Billion

French IT group Atos finalized its financial restructuring plan on December 19th, reducing debt by €2.1 billion through equity conversion and new financing, avoiding bankruptcy and paving the way for a strategic refocusing involving the potential sale of its "Advanced Computing" division to the Fren...

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What immediate impact did Atos's completed financial restructuring have on the company's debt and future prospects?

Atos, a French IT group, successfully completed its financial restructuring plan, reducing its debt by €2.1 billion. This follows a court-approved plan accepted by creditors and shareholders, averting potential collapse. The French government closely monitored the process due to Atos's strategic activities, including work with the military and nuclear dissuasion.

Showing 13 to 21 of 21 results