Stability AI launches Stable Diffusion 3, its ‘most sophisticated image generation model yet’

Stability AI today launched Stable Diffusion 3 Medium, which the British startup calls its “most advanced text-to-image open model yet.” Comprised of 2 billion parameters, SD3 Medium promises photorealistic results without complex…

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Black Semiconductor raises €254.4M for graphene-based chips in boost for European sector

Amid a global race for semiconductor leadership, an Aachen-based startup has raised €254.4mn for its chip technology in a big boost for the German as well as the European semiconductor…

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French AI darling Mistral reportedly almost triples valuation to €5.8B

France’s (and Europe’s) GenAI darling Mistral has reportedly almost tripled its valuation, reaching €5.8bn. First reported by Sifted and later confirmed by the Financial Times, the Paris-based startup has raised a…

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NATO backs UK startup building ultralight materials for rockets, fighter jets — and F1 cars

NATO’s Innovation Fund has co-led a $22.5mn (€21mn) investment into iCOMAT, a UK startup building ultralight composites for the aerospace, automotive, and defence sectors. NATO’s fund has a budget of…

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Dutch chip giant NXP plans $7.8B plant in Singapore amid tensions with China

Dutch semiconductor company NXP has teamed up with TSMC-backed Vanguard International Semiconductor (VIS) to build a $7.8bn (€7.2bn) chipmaking plant in Singapore. The new factory will make 300mm silicon wafers…

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Europe’s ‘unprecedented’ space crisis to end on July 9 with Ariane 6 launch

Europe’s space sector is set to end an “unprecedented crisis” on July 9 when the Ariane 6 satellite launcher flies for the first time. The journey would finally restore the…

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