Swiss startup Qala secures €1.7 million to address the growing data governance crisis in enterprise AI adoption. The platform brings compliance directly to source code and data pipelines, aiming to solve critical visibility gaps.
European data center operator AtlasEdge has secured €253 million in green financing to expand its Lisbon campus, adding 21.1MW of capacity across two new facilities. The investment signals Portugal’s emergence as a strategic digital infrastructure hub in Southern Europe, with the campus set to reach
Major private credit lenders are acquiring struggling telecom equipment provider Netceed through a comprehensive debt restructuring. The agreement reportedly includes substantial debt forgiveness and €70 million in new liquidity to stabilize the company’s operations.
Private credit firms including Pemberton Asset Management, Blue Owl Capital Inc., and Hayfin Capital Management are taking control of telecommunications supplier Netceed through a debt-for-equity swap arrangement, according to reports from people familiar with the matter. The restructuring represents a significant shift in ownership for the Cinven-controlled company, which has been facing financial challenges in the competitive telecom equipment sector.
SAP’s cloud revenue growth has slowed as customers in key sectors delay contract decisions, according to recent financial reports. The software giant’s shares declined as executives acknowledged elongated sales cycles affecting near-term performance.
SAP’s cloud revenue growth has reportedly fallen short of analyst expectations, with the company acknowledging that customers in manufacturing and public sectors are taking longer to sign contracts. According to the company’s latest financial results, cloud revenue reached €5.29 billion in the third quarter, representing 22 percent year-on-year growth but falling below the €5.33 billion that analysts had projected.
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OpenAI’s newly launched ChatGPT Atlas browser is raising alarms among security researchers who call its privacy risks “insurmountably high.” Within 24 hours of release, hackers demonstrated vulnerabilities that could expose user credentials and enable phishing attacks.
OpenAI has entered the browser market with ChatGPT Atlas, a reimagined web navigation tool that sources indicate is essentially a modified Chromium browser with integrated AI capabilities. According to reports, the browser aims to transform how users interact with the web through conversational interfaces rather than traditional URLs and search terms.
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