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  • Lucid Slashes 30% of Its Workforce in Four Months, Kills COO Role and Suspends Production Guidance as Losses Hit $2.7 Billion
EV maker Lucid is reducing its U.S. workforce by 18%
Layoffs
Lucid Slashes 30% of Its Workforce in Four Months, Kills COO Role and Suspends Production Guidance as Losses Hit $2.7 Billion
Founder News Team Jun 23, 2026 0

Lucid Group announced its second major round of layoffs in 2026, cutting approximately 1,500 positions — 18% of its US…

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EPA/Yonhap News - Seoul Economic Daily International News from South Korea
Startups
Defense Tech Funding Doubles in 2026 as War-Driven Startups Shatter Annual Records in Just Months
Founder News Team Jun 23, 2026 0

Global venture capital funding for defense technology startups has surged to $12.3 billion in 2026, more than doubling the same…

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Richard Bowman
Europe News
Venture Global Doubles Greek LNG Contract and Expands German Deal as U.S. Becomes Europe’s Go-To Gas Supplier
Founder News Team Jun 23, 2026 0

U.S. liquefied natural gas exporter Venture Global (NYSE: VG) has signed new and expanded LNG supply agreements with Germany's EnBW…

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Quantum computing pushes toward fault tolerance as Alice & Bob unveils first commercial cat‑qubit system
Tech News
Alice & Bob Just Shrank the Path to Fault-Tolerant Quantum Computing From Thousands of Qubits to 18
Founder News Team Jun 23, 2026 0

Paris- and Boston-based quantum computing company Alice & Bob has launched the Helium Quantum System, described as the first commercial…

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NVIDIA announces 35 new AI HPC supercomputers across Europe
AI News
Europe Is Building 35 AI Supercomputers in One Year to Put Three Million Researchers at the Frontier of Science
Founder News Team Jun 23, 2026 0

NVIDIA announced 35 new AI high-performance computing supercomputers planned to open across Europe in 2026, marking the continent's largest single-year…

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Haldane-McCall
Funding
Haldane McCall Shareholders Greenlight N250 Billion Debt Drive to Fund Affordable Housing Push
Founder News Team Jun 22, 2026 0

Haldane McCall Plc shareholders have approved a plan for the company to raise up to N250 billion through new debt…

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Startups
AI Search Now Drives Conversions 23 Times Higher Than Organic Traffic and Most Marketers Are Missing It
Founder News Team Jun 22, 2026 0

As of early 2026, AI Overviews appear in roughly 48% of Google searches, while ChatGPT handles over one billion queries…

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Weekly Tech Newsletter | Smart Solar, Energy Storage, Cable Technologies & Future Grids and More...
Tech News
Modular Storage, Grid-Forming Inverters and AI Diagnostics Lead This Week’s Energy Tech Breakthroughs
Founder News Team Jun 22, 2026 0

This week's energy tech roundup covers key innovations reshaping the sector. Midea Energy unveiled two residential storage platforms — PowerX1…

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Irish fishing representatives say it’s time for the Government to put growth on the agenda for our seafood sector in 2023 regulations onboard fishing vessels pelac commission's cfp package fishing logbooks new regulations
Sustainability & Impact
EU Commits €338 Million to Save the Oceans While Shielding Irish Fishers From Geopolitical Fallout
Founder News Team Jun 22, 2026 0

The EU has unveiled a two-pronged maritime strategy, pledging €338.35 million for global ocean conservation while approving a separate €15…

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The Search For India's Next Breakthrough Innovations Begins As Marico Innovation Foundation Invites Applications For Indian Innovation Icons 2027
Founders
Marico Innovation Foundation Opens Search for India’s Most Transformative Innovators of 2027
Founder News Team Jun 22, 2026 0

Marico Innovation Foundation (MIF) has opened applications for the 11th edition of Indian Innovation Icons 2027, its flagship biennial platform…

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Latest News
$114M Legal AI Startup Erodes Law Firm Revenue as 500 Enterprises Slash Outside Counsel
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Freshworks Returns to Profitability After $3.2M Swing as AI Demand Intensifies
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Bay Area biotech firm once worth more than $3B lays off 30% of staff
Biotech Firm Once Valued at $3 Billion Slashes 30% of Workforce to Stay Afloat
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EU lays out $11.4 billion for 7 AI gigafactories as it aims to catch up with US and China
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Aug 10, 2026
Recent Posts
  • $114M Legal AI Startup Erodes Law Firm Revenue as 500 Enterprises Slash Outside Counsel
  • Paid live broadcast training programme promises permanent jobs after 12 months
  • Freshworks Returns to Profitability After $3.2M Swing as AI Demand Intensifies
  • Biotech Firm Once Valued at $3 Billion Slashes 30% of Workforce to Stay Afloat
  • Europe Pours $11.4 Billion Into Seven AI Gigafactories to Slash U.S. Reliance
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We aim to empower European founders with the insights, trends, and tools they need to build, grow, and lead world-class companies. By delivering sharp, actionable news and stories that matter, from fundraising to regulation, and from talent to tech, we help entrepreneurs stay ahead in a fast-changing world.
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We aim to empower European founders with the insights, trends, and tools they need to build, grow, and lead world-class companies.

By delivering sharp, actionable news and stories that matter, from fundraising to regulation, and from talent to tech, we help entrepreneurs stay ahead in a fast-changing world.

Latest News
$114M Legal AI Startup Erodes Law Firm Revenue as 500 Enterprises Slash Outside Counsel
Aug 10, 2026
Limitless unveils Launchpad technical assistant development programme
Paid live broadcast training programme promises permanent jobs after 12 months
Aug 10, 2026
Startup news and updates: Daily roundup (August 5, 2026)
Freshworks Returns to Profitability After $3.2M Swing as AI Demand Intensifies
Aug 10, 2026
Bay Area biotech firm once worth more than $3B lays off 30% of staff
Biotech Firm Once Valued at $3 Billion Slashes 30% of Workforce to Stay Afloat
Aug 10, 2026
EU lays out $11.4 billion for 7 AI gigafactories as it aims to catch up with US and China
Europe Pours $11.4 Billion Into Seven AI Gigafactories to Slash U.S. Reliance
Aug 10, 2026
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