Revolut cuts AI model usage costs by 90%
British fintech company Revolut has cut its AI-assisted coding costs by around 90% by switching from commercial services such as Anthropic’s Claude to self-hosted AI models. Initially using GLM-5.1 from Z.ai, the company now runs GLM-5.3 on 56 Nvidia B200 GPUs.
EU supports AI-powered research
Europe is moving forward with its Resource for AI Science in Europe (RAISE) initiative to drive scientific innovation and strengthen its international competitiveness. The European Commission has launched the AI in Science Enablers initiative.
Greece launches supercomputer for AI research
Greece has unveiled Daedalus, its most powerful supercomputer to date, as the country seeks to strengthen its position in Europe’s AI race. The system, costing around €59 million, delivers computing performance of 85.69 petaflops.
Google tests AI chips in space
Google has placed four Tensor Processing Units (TPUs) into orbit as part of Project Suncatcher, testing whether AI computing could eventually be moved into space. The experimental satellite was developed jointly with Planet and launched by SpaceX.
How AI Is bringing sustainability back into focus
Sustainability is once again becoming a strategic priority as AI reshapes energy demand, risk management, and corporate competitiveness. A report by the WE Forum argues that AI is making access to affordable, reliable, and clean energy increasingly important.
Europe’s missing voice in AI Safety
Europe has so far played a relatively small role in the global debate over AI safety, despite the EU’s strong regulatory influence. Its reliance on AI models from the US and China limits its ability to shape technological development.
Meta’s new AI chip targets lower costs
Meta plans to start deploying its third self-developed AI processor, codenamed Arke, in its data centers in the first half of 2027. The chip is mainly designed for AI inference, meaning it processes trained model data to generate new information.
Mistral raises €3 Billion
French AI company Mistral has raised €3 billion in a funding round led by Samsung, giving the company a valuation of more than €21 billion. The investment marks an important step in Mistral’s ambition to become Europe’s leading independent AI company.
EU Framework to strengthen digital sovereignty
The EU’s Cloud Sovereignty Framework (CSF), introduced in October 2025, aims to make digital sovereignty measurable. Its goal is to reduce Europe’s dependence on foreign technology providers.
Europe’s chance for AI Sovereignty
Europe has an opportunity to reduce its reliance on AI technologies from the US and China. Among other measures, the EU Commission plans to expand data centre capacity, and strengthen Europe’s semiconductor industry.