A consortium of ten major European banks is launching Qivalis, a new euro-denominated stablecoin. Led by ex-Coinbase Germany MD Jan-Oliver Sell, the project aims to provide a European alternative in a market they see as U.S.-dominated. They plan to apply for a Dutch EMI license and launch the coin i
Investment giant Carlyle Group has sold off its troubled $191 million loan to iRobot. The debt was bought by a major Chinese supplier, PICEA Robotics, as iRobot scrambles to avoid a potential bankruptcy filing.
A new Fortune profile shows how DoorDash CEO Tony Xu turned a startup with less than $30k left into a $13 billion delivery titan. The key? Zigging where rivals zagged, obsessing over customers, and striking when competitors were weak.
One year after the FBI raided his apartment, 27-year-old Polymarket founder Shayne Coplan became the world’s youngest self-made billionaire. The blockchain prediction market’s $9 billion valuation came from a massive Intercontinental Exchange investment and regulatory changes under the Trump adminis
At just 22, Brendan Foody has joined the ranks of self-made billionaires through his AI recruiting platform Mercor. The startup reached a $10 billion valuation after a massive funding round. Foody credits his non-stop work ethic and genuine obsession with his company for his success.
Spanish startup Anyformat has raised €3.3 million in Seed funding to expand its generative AI document processing tools. The company aims to create Europe’s new document infrastructure with human-level precision and machine speed. This comes amid limited but strategic funding activity in Europe’s do
The AI chip market is exploding, and these 10 semiconductor startups are positioning themselves to compete with or complement Nvidia’s dominance. From edge computing to optical interconnects, they’re tackling different pieces of the $4 trillion AI infrastructure opportunity.
A startup called JustiGuide is using AI to help immigrants understand their legal options and connect with lawyers. The platform has already attracted 47,000 users and won recognition at TechCrunch Disrupt. But immigration law involves high stakes that AI might not be equipped to handle.
Baobab Ventures has launched a $15 million fund specifically for AI projects, focusing on pre-seed and seed technical teams. Founder Stijn Reina, who previously invested in Revolut and ElevenLabs, says the fund will provide hands-on operator experience to help startups navigate the accelerated AI la
The European Innovation Council has made its first equity investments under the STEP scale-up scheme, backing quantum computing firm IQM and semiconductor company Zadient. Both companies are working on technologies critical to Europe’s strategic independence. The moves signal a major push into deep-
