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European startups that once chose the U.S. now skip Silicon Valley

European tech startups are increasingly staying in Europe rather than moving to Silicon Valley, as AI adoption, improved access to capital and the ecosystem effects of success stories such as Spotify and Klarna reshape the market. Swedish startups cite customer wins and higher valuations, while investors and executives describe a broader structural shift. Late-stage funding remains a challenge, but AI is seen as helping firms scale faster with less capital. Talent flows and competing views on Silicon Valley persist.

AI & Enterprise

Enterprise edition \'old guy hardware\' boom

As investment in AI infrastructure accelerates, companies specialising in on-premises hardware are posting strong growth alongside cloud expansion. Hardware makers spanning semiconductors, servers, storage and networking are reporting improved results as AI demand rises. Dell Technologies highlights a strategy centred on upgraded on-premises AI infrastructure and solutions optimised for the tokenomics era. Enterprises are also looking at PCs for local inference while major AI and software players expand offerings, partnerships, acquisitions and investments.

AI & Enterprise

Spotify takes on Google\'s NotebookLM, expands audio with AI podcast creation app

Spotify has launched a desktop app, Studio by Spotify Labs, that lets users create personalised podcasts using AI, TechCrunch reported on Wednesday. The app connects personal data such as email, calendars and documents to generate daily briefings in text or audio. It also offers an AI agent that browses the web and pulls personal information to create custom podcasts. Spotify said the app is in an early preview and may produce errors.