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The European Commission appears to be moving away from imposing exceptionally large fines on major technology companies and toward compliance-focused dialogue. Critics warn that this softer approach could allow dominant platforms to further entrench their market power.
Kuaishou Technology reported its sharpest earnings decline in five years. Higher payouts to creators and a more than one-third increase in AI spending pressured profitability.
Apple has revised its App Store fee structure in the European Union to comply with the Digital Markets Act. The company lowered the Core Technology Fee and simplified its pricing model, receiving a welcome from the EU while Epic Games voiced strong opposition.
Anduril Industries reportedly completed a $5 billion Series H financing at a $61 billion valuation, reinforcing its position as a major defense-technology company. The article highlights its Lattice AI platform, flexible Arsenal-1 manufacturing system, and Palmer Luckey’s view that China’s engineering and manufacturing efficiency could reshape future military competition.
Anthropic plans to let business customers retain data for its most capable AI models on their own cloud infrastructure. The planned safety system, expected later this year, would still require a 30-day retention period while moving storage control to customers.
Ramp has launched Router, an AI model routing service that allows users and companies to access and switch between multiple large language models. The service is available through an API.
Milan-based AI company Domyn raised roughly $1.1 billion, making it one of the largest financings ever announced by a European AI company. About 90% of the financing is debt and only around 10% is equity, making the capital structure the central story.
Nvidia announced full-scale production of its Spectrum-X Ethernet Photonics co-packaged optical switch for AI factories, using 200G-per-lane links. SK hynix simultaneously published a CPO technology roadmap targeting over 100 Tb/s per node, sub-1 pJ/bit energy consumption, and sub-10 ns chip-to-chip latency.
Relativity Networks raised $22 million through a SAFE and secured a $40 million order from a large cloud provider. The Orlando-based company is developing fibre technology intended to accelerate connectivity inside AI data centres.
Callosum has raised $100 million in early financing to develop software that matches specific AI tasks with suitable models and chips. Backers include the UK’s public AI fund.