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Dawn Capital’s Shamillah Bankiya breaks down the state of the Euro venture market

Dawn Capital’s latest partner, Shamillah Bankiya, stopped by Equity this week to talk about the European landscape and the biggest misconceptions Americans have about the European startup world. Dawn Capital is a marquee firm in the UK with more than $2 billion in AUM, 34 exits, and 11 unicorns. Names in the portfolio consist of names including AI companies Collibra and Dataiku. It focuses on early-stage companies, backing them from seed to Series C. It’s currently investing from its $620 milli

Europe wants to turn Digital Euro (CBDC) into a stablecoin

Europe had first-mover advantage with stablecoins. Then killed stablecoins with regulatory madness: - No yield - €200M/day issuance cap - 60% reserves stuck in weak EU banks Outcome? € stablecoins = $500 million USD stablecoins = $265 billion That’s 500x difference! Tether exited EU. Circle pivoted to USDC. No one wants to build on broken rails. Now ECB wants to “tokenize” Digital Euro on-chain. Digital Euro is a CBDC… But ECB wants to make Digital Euro a stablecoin. Public chains

The Stop Killing Games movement is nearing an official meeting with EU lawmakers

The Stop Killing Games campaign is continuing to gain momentum after hitting more than a million signatures in July. After a July 31st deadline, the movement secured around 1.45 million signatures, which the organizers are currently in the process of verifying. The initiative aims to enact legislation that preserves access to video games, even when developers decide to end support, as seen with Ubisoft when it delisted The Crew and revoked access to players who already purchased the game. There

Chinese EV players take fight to legacy European automakers on their home turf

Xpeng CEO He Xiaopeng speaks to reporters at the electric carmaker's stand at the IAA auto show in Munich, Germany on September 8, 2025. Arjun Kharpal | CNBC Germany this week played host to one of the world's biggest auto shows — but in the heartland of Europe's auto industry, it was buzzy Chinese electric car companies looking to outshine some of the region's biggest brands on their home turf. The IAA Mobility conference in Munich was packed full of companies with huge stands showing off thei

Microsoft sidesteps hefty EU fine with Teams unbundling deal

The Microsoft Teams app on a laptop arranged in New York, US, on Tuesday, June 25, 2024. The European Union on Friday said it has accepted commitments from Microsoft to unbundle its Teams workplace communication platform from its popular productivity apps. The decision essentially exempts Microsoft from receiving a potentially hefty antitrust fine after the company was last year accused by the European Commission — the executive body of the EU — of breaching competition rules with the "abusive

Klarna IPO and ASML's Mistral bet revive Europe's tech dreams

Sebastian Siemiatkowski, CEO and Co-Founder of Swedish fintech Klarna, gives a thumbs up during the company’s IPO at the New York Stock Exchange in New York City, U.S., Sept. 10, 2025. Brendan McDermid | Reuters LONDON — It's been a busy week for the European technology sector. On Tuesday, London-headquartered artificial intelligence startup ElevenLabs announced it would let employees sell shares in a secondary round that doubles its valuation to $6.6 billion. Then, Dutch chip firm ASML on Wedn

Chinese auto giant GAC targets 17-fold boost to European sales by 2027

The Aion V is one of the cars GAC is launching in Europe as it looks to expand its presence in the region. The Aion V is on display at the company's stand at the IAA Mobility auto show in Munich, Germany on September 9, 2025. Guangzhou Automobile Group (GAC) aims to increase its European electric car sales 17-fold over the next two years, becoming the latest Chinese player to take on the region's traditional automakers through aggressive expansion. The entrance of the Chinese state-owned carma

How the Slavic Migration Reshaped Central and Eastern Europe

How the Slavic migration reshaped Central and Eastern Europe Genetic analyses of medieval human remains reveal large-scale migrations, regional diversity, and new insights into early medieval communities Excavation in 2020 at the pre-Slavic cemetery of Brücken, Mansfeld-Südharz District (Saxony-Anhalt). © Landesamt für Denkmalpflege und Archäologie Sachsen-Anhalt Excavation in 2020 at the pre-Slavic cemetery of Brücken, Mansfeld-Südharz District (Saxony-Anhalt). © Landesamt für Denkmalpflege u

EU Fines Google $3.45B for Giving Its Ad Tech Preferential Treatment

Google faces a $3.45 billion fine from the European Union for engaging in anticompetitive advertising technology practices, the European Commission said Friday. The fine stems from a complaint by the European Publishers Council alleging Google gave preference to its own online ad display services, hurting competitors and online publishers. The European Commission wants Google to stop these self-preferential practices and to cease its conflicts of interest. The Commission says it'll give Google,

Ignoring Trump threats, Europe hits Google with 2.95B euro fine for adtech monopoly

Google may have escaped the most serious consequences in its most recent antitrust fight with the US Department of Justice (DOJ), but the European Union is still gunning for the search giant. After a brief delay, the European Commission has announced a substantial 2.95 billion euro ($3.45 billion) fine relating to Google's anti-competitive advertising practices. This is not Google's first big fine in the EU, and it probably won't be the last, but it's the first time European leaders could face b

Google hit with $3.45 billion antitrust EU fine amid U.S. trade tensions

Google was on Friday hit with a 2.95-billion-euro ($3.45 billion) antitrust fine from European Union regulators for anti-competitive practices in its lucrative advertising technology business. The European Commission, which is the executive body of the EU, accused Google of distorting competition in the so-called adtech market by unfairly favoring its own display advertising technology services to the detriment of rival adtech providers, advertisers and online publishers. It also ordered Googl

SAP splashes €20B on Euro sovereign cloud push

SAP says it will pump €20 billion into expanding sovereign cloud infrastructure in Europe over the next ten years, pitching itself as a secure and compliant alternative to American cloud giants. The Germany-based enterprise software biz is looking to provide sovereign infrastructure for the public sector and regulated environments, said Thomas Saueressig, board member for customer services and delivery. Microsoft admits it 'cannot guarantee' data sovereignty READ MORE "With our expanded SAP S

Mistral, the French AI giant, is reportedly on the cusp of securing a $14B valuation

In Brief French AI startup Mistral AI is finalizing a €2 billion investment at a post-money valuation of $14 billion, reports Bloomberg, positioning the company as one of Europe’s most valuable tech startups. The two-year-old OpenAI rival, founded by former DeepMind and Meta researchers, develops open source language models and Le Chat, its AI chatbot built for European audiences. Mistral isn’t commenting on the report, but the round would represent Mistral’s first major raise since June 2024,

European court rules in favor of the latest US and EU data transfer framework

Europe’s second-highest court has dismissed a challenge against a data transfer pact between the European Union and the US. "On the date of adoption of the contested decision, the United States of America ensured an adequate level of protection for personal data transferred from the European Union to organisations in that country," the EU’s General Court ruled ( PDF ). The two sides brokered the Trans-Atlantic Data Privacy Framework in 2023 to continue allowing US companies to store European us

Chinese EV buyers are cooling on Tesla and BYD

If Tesla was hoping that decent sales in China might boost the company's fast-diminishing profits, it was a forlorn hope. For the second month in a row, the automaker has experienced a year-on-year decrease in sales in China. According to Reuters, Tesla's sales dropped by 4 percent in August compared to the same month in 2024. That's not quite as dire as July, where it saw Chinese sales decrease by 8.4 percent. Much of Tesla's Shanghai factory's slack was taken up by exporting EVs to other mark

Big Tech Companies in the US Have Been Told Not to Apply the Digital Services Act

Trouble is brewing for the Digital Services Act (DSA), the landmark European law governing big tech platforms. On August 21, the Federal Trade Commission (FTC), sent a scathing letter to a number of tech giants, including Google, Meta, Amazon, Microsoft, and Apple. The letter's subject: the European Digital Services Act cannot be applied if it jeopardizes freedom of expression and, above all, the safety of US citizens. The opening of the letter—signed by FTC chairman Andrew Ferguson—features a

Tesla sales plunge 40% in Europe as Chinese EV rival BYD's triple

Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025. Sales of Tesla cars in Europe plunged in July, in the company's seventh consecutive month of declines, while Chinese rival BYD saw a monthly surge, data released on Thursday showed. New car registrations of Tesla vehicles totaled 8,837 in July, down 40% year-on-year, according to the European Automobile Manufacturers Association, or ACEA. BYD meanwhile recor

Topics: car europe new tesla year

Delivery Companies Around the World Stop Shipments to the US: Here's Who's Affected

Primary shipping services, including the European branch of DHL, multiple European state postal services, Australia Post, Japan Post and Taiwan's state postal service, have stopped shipping consumer goods of varying amounts (over $100 in some cases) to the US. The pause is currently expected to be temporary as countries respond to the latest US tariff measures, but could have a significant impact on US businesses selling anything from Taiwanese GPUs and Japanese card packs to European electronic

Should Europe wean itself off US tech?

Should Europe wean itself off US tech? 9 hours ago Share Save Daniel Thomas Business reporter, BBC News Share Save Getty Images The big American tech companies dominate the global cloud-computing sector Imagine if US President Donald Trump could flip a switch and turn off Europe's internet. It may sound far-fetched, crazy even. But it's a scenario that has been seriously discussed in tech industry and policy circles in recent months, as tensions with Washington have escalated, and concerns ab

A Race to Save a Signature American Tree from a Deadly Disease

I am hardly alone among gardeners who have called upon a copper-leaved European beech tree to play a key landscape role. A majestic one punctuates my view each time I look up from my desk or from the dining table a floor below. In the woodlands beyond my property line, American beeches play an outsize role, too, but hardly one based on mere aesthetics. They represent a key component of extensive swaths of many such deciduous forests in the Eastern United States, providing ecological services to

Our European search index goes live

We’ve started delivering search results from our new European-based search index to Ecosia users! This will help us build the kind of ethical and fair internet we believe in. Last year we launched European Search Perspective (EUSP) , a joint venture with Qwant. The launch marked a big step forward in our journey towards tech independence and digital sovereignty for Europe. Now, we’ve taken the next step: our users in France are receiving a portion of their search results directly from EUSP’s o

The Emperor's New Trade Deal – Paul Krugman

On Tuesday Donald Trump went on CNBC to explain why the European Union is facing a tariff of “only” 15 percent. But what he said was simply delusional — and the delusion should be even more concerning than the tariffs. The Europeans, Trump asserted, had agreed to cough up $600 billion, which he described as a “gift,” not a loan. And he emphasized that this is “$600 billion to invest in anything I want. Anything. I can do anything I want with it.” So Trump apparently believes that the European

Qwant and Ecosia debut Staan, a European search index that aims to take on Big Tech

European search engines Qwant and Ecosia said on Wednesday that they have both started serving search queries through an index they developed together, Staan, which aims to be a cheaper, more privacy-focused alternative to Google and Bing. Last year, French privacy-focused search engine Qwant struck a joint venture with German non-profit search engine Ecosia, to develop a European search index. Called European Search Perspective (EUSP), the JV now aims to serve around 50% of French queries and

The EU AI Act aims to create a level playing field for AI innovation: Here’s what it is

The European Union’s Artificial Intelligence Act, known as the EU AI Act, has been described by the European Commission as “the world’s first comprehensive AI law.” After years in the making, it is progressively becoming a part of reality for the 450 million people living in the 27 countries that comprise the EU. The EU AI Act, however, is more than a European affair. It applies to companies both local and foreign, and it can affect both providers and deployers of AI systems; the European Commi

Topics: 2025 act ai eu european

The EU AI Act aims to create a level playing field for AI innovation. Here’s what it is.

The European Union’s Artificial Intelligence Act, known as the EU AI Act, has been described by the European Commission as “the world’s first comprehensive AI law.” After years in the making, it is progressively becoming a part of reality for the 450 million people living in the 27 countries that comprise the EU. The EU AI Act, however, is more than a European affair. It applies to companies both local and foreign, and it can affect both providers and deployers of AI systems; the European Commi

Topics: 2025 act ai eu european

AWS European Sovereign Cloud to be operated by EU citizens

The AWS European Sovereign Cloud will be the only fully-featured, independently operated sovereign cloud, backed by strong technical controls, sovereign assurances and legal protections. It will have no critical dependencies on non-EU infrastructure, and the AWS European Sovereign Cloud is operated only by personnel who are European Union (EU) residents located in the EU, subject to EU law. Based on evolving customer requirements for digital sovereignty in Europe, we are adding EU citizenship t

Lyft and China’s Baidu look to bring robotaxis to Europe next year

Lyft’s European expansion will include Chinese-made robotaxis. The U.S. ride-hailing company announced Monday it has made a strategic partnership with Baidu to deploy the Chinese tech giant’s Apollo Go autonomous vehicles across several European markets. The companies want to launch robotaxi services in Germany and the United Kingdom in 2026, pending regulatory approval. If approved, Baidu’s RT6 vehicles, which are equipped with its Apollo Go self-driving system, will be integrated into Lyft

Baidu plans to expand its robotaxis to Europe with Lyft deal

Baidu will bring its driverless taxis to Europe next year via a partnership with U.S. ridehailing firm Lyft , as the Chinese tech giant looks to expand its autonomous vehicles globally. The robotaxis will initially be deployed in the U.K. and Germany from 2026 with the aim to have "thousands" of vehicles across Europe in the "following years," the two companies said. Lyft has had very little presence in Europe until last week when it closed the acquisition of Germany-based ride hailing company

Google will sign EU's AI Code of Practice

Google says it will sign the European Union’s new AI Code of Practice, which provides a framework for compliance with the EU’s AI Act. The act itself was passed in 2024, but its many provisions will take months to years to come into effect. The non-binding Code of Practice is a voluntary measure intended to help ensure that companies generally meet the obligations laid out by the Act in the meantime. In a blog post announcing Google’s participation, the tech giant shared some skepticism about t

Topics: act ai code eu europe

Big Tech split? Google to sign EU’s AI guidelines despite Meta snub

Google on Wednesday said it will sign the European Union's guidelines on artificial intelligence, which Meta previously rebuffed due to concerns they could stifle innovation. In a blog post, Google said it planned to sign the code in the hope that it would promote European citizens' access to advanced new AI tools, as they become available. Google's endorsement comes after Meta recently said it would refuse to sign the code over concerns that it could constrain European AI innovation. "Prompt