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Industry
Korea space agency to pursue hybrid VTOL aircraft development, R&D to start in 2028
Korea\'s space agency is moving to develop a hybrid vertical take-off and landing aircraft after a stratospheric solar unmanned aircraft logged 170 hours and 5 minutes of continuous flight. The agency said it will push the project to foster the future aviation industry and begin research and development in 2028, running through 2032. The aircraft will combine an engine and battery and be used for emergency logistics, patient transport and inter-regional air taxis.
AI & Enterprise
Mistral AI raises 3 billion euros as ASML deepens alliances
France\'s Mistral AI raised 3 billion euros, lifting its valuation to more than 21 billion euros. On the same day, ASML expanded cooperation on advanced lithography with Samsung Electronics and TSMC. The moves were linked to efforts by European companies to rebuild competitiveness in AI and semiconductors. Mistral AI said the Series D round, led by Samsung, was the largest fundraising by a European tech company.
AI & Enterprise
Mistral raises 3 billion euros led by Samsung Electronics
French AI company Mistral said on Tuesday it raised 3 billion euros in a Series D funding round led by Samsung Electronics. The investment valued Mistral at more than 21 billion euros. EQT’s Scaleup Europe Fund and existing investor PSG Equity joined as co-lead investors. Advent, BlackRock-managed funds and accounts, and the Grand Duchy of Luxembourg joined as new investors. Mistral plans to use the funds for AI R&D, computing infrastructure, product development and global expansion.
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Industry
American Airlines to reinstall seatback screens, expand premium seating
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AI & Enterprise
PsiQuantum presses ahead with photon-based large-scale quantum computer
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Telecommunications & Media
Frontier Airlines to introduce Starlink inflight Wi-Fi in 2027
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AI & Enterprise
Naver Cloud, Mistral AI form partnership targeting manufacturing
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Mobility
Amsterdam Schiphol airport trials electric TaxiBot tug, expects 80% cut in aircraft ground emissions
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Telecommunications & Media
EU to allocate two-thirds of key satellite spectrum to European firms