A Korean chip startup wants to sell Europe a cooler, cheaper alternative to Nvidia. Its first “renegade” accelerators just went live in a Lisbon datacentre. FuriosaAI has switched on its RNGD AI accelerators in Europe. The South Korean startup is installing RNGD servers at Equinix’s LS2 datacentre in Lisbon, it announced on Tuesday. The name […]
Geothermal used to mean shallow wells and modest heat. Quaise wants to drill kilometres down and blast the rock with microwaves, and it just raised $134 million to try. Quaise Energy has raised $134 million to drill for superhot rock deep underground, Bloomberg reports. Prelude Ventures led the first close of the Series B, the […]
Munich-based Proxima Fusion has raised €411mn ($468mn), the largest private fusion round Europe has ever seen and a rare vote of confidence in a technology that has yet to produce a watt of commercial power. The deal values the stellarator company at €2.4bn and brings in Google and German utility RWE as strategic backers. XTX Ventures and […]
The last wave of AI learned to describe the world. The next needs to learn how the world pushes back. A Cambridge startup thinks the answer hides inside video games. Worldmodeldata has raised £7m (€8m) to turn gameplay into AI training data, Tech Funding News reported. London’s Iona Star Capital led the seed round. Lord […]
Your prescription, printed to order. A Finnish startup wants to turn the back room of your pharmacy into a tiny, automated drug factory, and it just raised $14m to do it in America. CurifyLabs has closed a $14m (€12m) Series A, the company announced. The Helsinki firm makes machines and software that let pharmacies 3D-print […]
Nvidia powers almost every self-driving car project going. A small Japanese startup is quietly handing some of that work to AMD instead. Turing Inc. has added AMD Ventures to its backers and started running its AI on AMD chips, Bloomberg reported. The five-year-old Tokyo firm wants to put self-driving software in consumer cars and robotaxis […]
South Korea will seek to create a “future response fund” financed by the tax windfall from its semiconductor boom, Yonhap reported. The proceeds would flow into AI, advanced manufacturing, and other long-term growth engines. Presidential chief of staff Kang Hoon-sik said the fund would turn the extra tax revenue into investment resources for future generations. The government […]
Prime Minister Narendra Modi has inaugurated commercial production at CG Semi’s chip assembly and testing plant in Sanand, Gujarat. The facility will initially turn out 200 million chips a year, according to ANI, with plans to scale to 500 million. The plant is an outsourced semiconductor assembly and test, or OSAT, facility. That covers the packaging […]
Hong Kong has become the main artery for high-tech goods flowing in and out of China, and its chip trade has hit record levels. The city accounted for more than half of China’s $239bn in semiconductor imports in the first five months of 2026, according to a Bloomberg review of official data. That share stood at […]
The memory shortage has become a political problem in Washington. Now the chip industry has a message for the Trump administration: leave the market alone, or the squeeze gets worse. The warning came in a letter from SEMI, a semiconductor industry group, to senior US officials. Any attempt to fix the shortage by steering prices […]
