London AI chip startup Olix raises 270.5m at 2.8bn valuation led by US investor Fundomo

Das sind die Gründe: Dax steigt auf Rekordhoch Der deutsche Leitindex steigt auf ein neues Allzeithoch. Die Nachrichten zu US-Iran-Verhandlungen lassen Anleger  auf eine Entspannung im Konflikt hoffen.

faz · about 1 hour ago

Whats behind the peptide boom and why it matters to Switzerland Peptides, a class of drugs made of short chains of amino acids, are in growing demand for everything from weight loss and muscle aches to longevity and rare cancers. This is good news for Switzerland, which is home to some of the largest peptide manufacturers in the world. On July 20, South Korean contract biopharmaceutical manufacturer Samsung Biologics announced plans to acquire Swiss company PolyPeptide in an all-cash deal for around CHF1.46 billion ($1.81 billion). This made it the largest ever M&A deal by a South Korean biopharmaceutical company, according to the Korea JoongAng Daily. Few people inside or outside Switzerland have heard of PolyPeptide, whose origins date back over 70 years, but its one of the worlds largest contract manufacturers of peptides. The drug class, which includes GLP-1 therapies for weight loss and diabetes, is a booming market. PolyPeptide, which has just over 1,400 employees, produces one third of the commercially approved peptides in the world.

swissinfo · about 1 hour ago

Shell sells its European onshore renewable energy operations to TotalEnergies Shell is selling its European onshore renewable energy operations, such as wind and solar farms, to the French company TotalEnergies.

nltimes.nl · about 1 hour ago

Interpol says AI has become the "core operational driver of cybercrime" across Africa AI is involved in 55 percent of reported cybercrimes in Africa, according to a new Interpol report. Financial losses more than doubled from $192 million to $484 million, and about 600,000 cases of digital extortion involving deepfakes were recorded. The article Interpol says AI has become the "core operational driver of cybercrime" across Africa appeared first on The Decoder.

the decoder · about 1 hour ago

AI demand keeps consumer prices high in RAMaggedon chip crunch Price rises for goods such as laptops and smartphones, with cars potentially next, have been an unwelcome side-effect of the artificial intelligence gold rush — and the squeeze is far from over.

euronews · about 1 hour ago

Swedbank: Car leasing market has revived - The Baltic Times TALLINN - Swedbanks car leasing data for the first half of 2026 shows that the market has revived compared to the previous year. &#......

baltic times · about 1 hour ago

Eleving Group launches operations in South Africa - The Baltic Times Eleving Group, an international financial technology company listed on the Frankfurt and Riga stock exchanges, has obtained an operating license......

baltic times · about 1 hour ago

Employment prospects improve in Switzerland Despite global uncertainties, the outlook for the Swiss labour market is improving. This is according to the employment indicator calculated by the KOF Institute, the economic research centre at the Swiss Federal Institute of Technology ETH Zurich. The index stood at 2.1 points in the third quarter, up 0.5 points on the April–June period and once again in line with the +2.1 recorded in the first three months of the year, according to tables published on Monday by the KOF. The index – which is based on responses from 4,200 companies – therefore remains above the long-term average of 1.7 points. After peaking in mid-2022, the indicator had fallen steadily for around three years, slipping into negative territory in the third quarter of 2025 for the first time since the pandemic. The recovery that began in the final quarter of last year is therefore continuing. + Swiss job market stagnates At sector level, the most significant rise was recorded in the retail trade, where the figure ...

swissinfo · about 1 hour ago

Inside the grey market for online accounts Traders claim to have Instagram, YouTube, Reddit and Uber accounts available — but tech companies want to stop the sales

financial times · about 1 hour ago

Pentagon boosts Patriot, THAAD interceptor output amid stockpile strain Defence giants Lockheed and Northrop see billion-dollar deals as Pentagon accelerates missile arsenal production

aljazeera · about 1 hour ago

Base Power raises $1 billion, launches US-made home battery amid surging power demand reut.rs/4fBGW8t

bluesky_Reuters · about 1 hour ago

Alibabas open-weight Qwen3.8-Max takes on long-horizon AI tasks with 2.4 trillion parameters Alibabas new flagship model Qwen3.8-Max is built to handle complex tasks on its own over days at a time, from reproducing research papers to designing chips autonomously. The team plans to release the weights next week. The article Alibabas open-weight Qwen3.8-Max takes on long-horizon AI tasks with 2.4 trillion parameters appeared first on The Decoder.

the decoder · about 1 hour ago

Two teams solved the same quantum crypto problem using GPT-5.6 just three hours apart Two research teams independently solved the same open quantum cryptography problem using OpenAIs GPT-5.6 Sol Ultra, submitting their papers just three hours apart. "If someone mentions an open problem, the first thing is to see if GPT solves it," says one of the researchers. The case raises a question: what does "independent discovery" mean when everyone uses the same models? The article Two teams solved the same quantum crypto problem using GPT-5.6 just three hours apart appeared first on The Decoder.

the decoder · about 1 hour ago

Unicorn, pelican, Middle-earth: OpenAI co-founder Karpathy is looking for the next AI vibe test One paragraph of "Lord of the Rings" in, 5,500 lines of code out. Andrej Karpathy had Claude Opus 5 turn Tolkiens opening into a 3D browser scene. The article Unicorn, pelican, Middle-earth: OpenAI co-founder Karpathy is looking for the next AI vibe test appeared first on The Decoder.

the decoder · about 1 hour ago

Chinas MiniMax H3 is the first open model to top an AI video ranking MiniMax releases H3 video model weights, putting an open model at the top of a video ranking for the first time. The article Chinas MiniMax H3 is the first open model to top an AI video ranking appeared first on The Decoder.

the decoder · about 1 hour ago

How Startups Can Sell AI to Enterprises Before They Have a Big Brand How does a pre-seed AI startup win enterprise clients without a recognizable brand? Drawing from real deployments with Ukraines Ministry of Justice and major retailer Silpo, this article shares practical lessons on building trust, closing enterprise deals, and the signals investors should look for.

the recursive · about 1 hour ago

Helsinki-based Aiforia secures €20 million EIB financing to advance AI-powered cancer diagnostics Aiforia, a Helsinki-based life-science company providing deep learning AI solutions for pathology, has secured €20 million in venture debt financing from the European Investment Bank (EIB).  Supported under the European Commissions InvestEU programme, the financing will accelerate Aiforias product development and boost its commercial operations. The financing is divided into three tranches, with a first […] The post Helsinki-based Aiforia secures €20 million EIB financing to advance AI-powered cancer diagnostics appeared first on EU-Startups.

eu-startups · about 1 hour ago

Europes AI challenge is not invention, but momentum Europe has the talent and the ambition to lead in AI, but it is struggling to translate that into sustained scale. The issue is whether it can keep moving and translate momentum into impact. Across industries, a familiar pattern is emerging: promising prototypes, successful pilots, and early traction, followed by a slowdown just as companies […] The post Europes AI challenge is not invention, but momentum appeared first on EU-Startups.

eu-startups · about 1 hour ago

Utenos Trikotažas Maintains Growth in Key Export Markets, Own Brand Posts Double-Digit Growth - The Baltic Times SBA Group company Utenos Trikotažas generated EUR 8.0 million in revenue from product sales and services during the first half of 2026, a decrea......

baltic times · about 1 hour ago

Geldanlage: Fondsmanager – „Für die Garantie zahlen Sie einen hohen Preis Jan Viebig war Chefanlagestratege bei mehreren Privatbanken. Er erklärt, warum junge Anleger voll auf Aktien setzen sollten – und wieso die KI-Rally noch lange nicht vorbei ist.

handelsblatt · about 1 hour ago

UK chip startup Olix raises $312M at $3.3BN valuation One of the UKs hottest chip startups has raised over $300m at a $3.3bn valuation, tripling its valuation, and plans to bring its first products to customers next year, it says. Olix, founded by 25-ye...

tech.eu · about 1 hour ago

New Spider-Man movie spins its way to box office record, netting $168 million on opening day Peter Parker may have to rebuild his life in the new movie after the world forgets his identity, but the real-world box office tells a very different story

independent · about 1 hour ago

Swiss firm Publibike to be acquired by British investor The Swiss bike-sharing company Publibike is to be acquired, with a majority stake, by the British investor Visionedgeone. The companys head, Markus Bacher, will remain CEO and retain a stake in the company as a minority shareholder. The online portal Schweiz heute, published by CH-Media, reported on the transaction on Monday. Publibike itself had already announced the change of ownership on its own website on July 30. No details were given regarding the purchase price. The existing shareholders are selling their shares, with the exception of Bacher. This also marks the departure of the Bern-based cycling entrepreneur Thomas Binggeli, founder and owner of Thömus. He is quoted in the media report as saying that he wishes to focus fully on his other businesses once again. New owner plans expansion Visionedgeone has made a long-term commitment for at least five years, Bacher added. The investor already owns Inurba Mobility, a bike-sharing company operating in France, Finland and ...

swissinfo · about 1 hour ago

GreenMobility to launch self-driving cars in 2027 The car-sharing service GreenMobility has entered into a strategic partnership with the Chinese company WeRide to put driverless cars on the road in Denmark in the first half of 2027. But first, the project will require the necessary approvals from authorities. The collaboration will combine WeRides level 4 self-driving technology (which enables the vehicle to […]

cphpost · about 1 hour ago

Spider-Man takes years cinema record, beating The Odyssey The superhero film Spider-Man: Brand New Day currently holds the record for the biggest opening in Danish cinemas this year, with 158,163 people seeing it from July 29 to August 2. According to a press release from production and distribution company SF Studios, the Danish comedy Klassefesten 4 – Venner for livet previously held the […]

cphpost · about 1 hour ago

Alibaba shares rally after unveiling its most powerful AI model as U.S.-China competition heats up Alibaba unveiled its latest and most powerful AI model Qwen3.8-Max on Monday as Chinese companies race to close the AI gap with the U.S.

cnbc · about 1 hour ago

Worried about AI jitters? Deutsche Bank says this tech subsector may offer some protection Questions over the AI capex spend have upended bets on Big Tech, semiconductors and software this earnings season.

cnbc · about 1 hour ago

UK AI chip startup OLIX raises €270.5 million at €2.8 billion valuation just two years after its founding OLIX, a London-based AI chip startup building the infrastructure for frontier AI inference, today announced a €270.5 million ($312 million) Series B financing round at a €2.8 billion ($3.3 billion) valuation, two years after it was founded. The round included Fundomo, Arm and Hudson River Trading, alongside angel investors including Reed Hastings, the co-founder of […] The post UK AI chip startup OLIX raises €270.5 million at €2.8 billion valuation just two years after its founding appeared first on EU-Startups.

eu-startups · about 2 hours ago

Europes digital economy: How Europe can avoid a digital train crash Europe benefited enormously from open markets and global trade. But the geopolitical environment has changed. Europe should remain open to investment and global cooperation, but only with trusted partners. Writes Andrea Giuricin an Expert in Transport Economics and Logistic in an Oped for Euronews.

euronews · about 2 hours ago

The Download: reward hacking explained, and suspected Iranian cyberattacks This is todays edition of The Download, our weekday newsletter that provides a daily dose of whats going on in the world of technology. Heres why AI agents lie and cheat to reach their goals When two OpenAI models hacked into Hugging Face last month, they werent trying to make money or commit sabotage—they were…

mit tech review · about 2 hours ago