ASML is reportedly becoming the main shareholder of French AI company Mistral AI through a €1.3 billion investment in the new €1.7 billion financing round. The new valuation of €10 billion makes Mistral the most valuable AI company in Europe. ASML's €1.3 billion should help Mistral as a European AI player in a battle dominated by American parties. Only China's DeepSeek has managed to break the hegemony of OpenAI, Google, Anthropic, and Meta.
Technologies from AI to advanced robotics have been celebrated for their ability to lighten people's workload. But despite their promises, these technologies aren't being used to improve workers' lives or keep them safe. In 2023, 385 workers died every day due to hazardous working conditions, with over 3 million more work-related injuries and illnesses reported that year in the United States.
Tesla's integration of Grok into its vehicles demonstrates the tangible benefits of collaboration with xAI. As Tesla pivots toward AI-driven technologies, including Full Self-Driving and robotics, a strategic investment in xAI would secure access to advanced AI capabilities, enhance product innovation, and drive shareholder value. The board, which often suggests investors vote against shareholder proposals, is neutral on this one.
It could also be seen as reflecting a collective insanity in the world of finance. While the company boasted impressive growth and claimed its run-rate revenue has increased from $1 billion to $5 billion so far in 2025 alone, $13 billion is still a significant bet to place on a technology more notable for burning cash rather than generating profits.
The UK is emerging as one of the world's most attractive destinations for technology businesses, outpacing rivals in the US, Europe and Asia-Pacific, according to new research from Barclays. The bank's latest Business Prosperity Index found that 62 per cent of UK tech leaders see their home market as a better place to grow and scale a business than mainland Europe, with 61 per cent preferring the UK to Asia-Pacific and 60 per cent favouring it over the US.
When President Trump returned to the White House his intention was clear: Make America Great Again. But the United States's economic partners, and some of its rivals, are also benefitting from having the unorthodox showman back in the Oval Office. Investors are watching the U.S. stock market with both enthusiasm and trepidation: The S&P 500 is up 15% over the past year, Treasuries have remained relatively steady, and the Fed's monetary policy is expected to begin a downwards trajectory.
A recent MIT report, titled "The GenAI Divide: State of AI in Business 2025," reveals that while U.S. businesses have collectively invested between $35 billion and $40 billion in AI initiatives, almost all of them (95%) are seeing zero return on their investments or no measurable impact on profits. Only 5% are seeing "value" from AI.
The Professional and Business Services sector, vital for the UK's economy, is set to receive transformative AI funding exceeding £150 million to enhance growth.