Cloud computing

Europe adds 12 new unicorn startups in first half of 2025

Funding season is restarting in Europe, with investors expecting to add several new unicorns in the coming months. Despite fewer mega-rounds than in 2021, a dozen startups passed the $1 billion mark in the first half of 2025.

AI, biotech, defence technology, and renewable energy are among the sectors attracting major backing. Recent unicorns include Lovable, an AI coding firm from Sweden, UK-based Fuse Energy, and Isar Aerospace from Germany.

London-based Isomorphic Labs, spun out of DeepMind, raised $600 million to enter unicorn territory. In biotech, Verdiva Bio hit unicorn status after a $410 million Series A, while Neko Health reached a $1.8 billion valuation.

AI and automation continue to drive investor appetite. Dublin’s Tines secured a $125 million Series C at a $1.125 billion valuation, and German AI customer service startup Parloa raised $120 million at a $1 billion valuation.

Dual-use drone companies also stood out. Portugal-based Tekever confirmed its unicorn status with plans for a £400 million UK expansion, while Quantum Systems raised €160 million to scale its AI-driven drones globally.

Film-streaming platform Mubi and encryption startup Zama also joined the unicorn club, showing the breadth of sectors gaining traction. With Bristol, Manchester, Munich, and Stockholm among the hotspots, Europe’s tech ecosystem continues to diversify.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

NVIDIA’s sales grow as the market questions AI momentum

Sales of AI chips by Nvidia rose strongly in its latest quarter, though the growth was less intense than in previous periods, raising questions about the sustainability of demand.

The company’s data centre division reported revenue of 41.1 billion USD between May and July, a 56% rise from last year but slightly below analyst forecasts.

Overall revenue reached 46.7 billion USD, while profit climbed to 26.4 billion USD, both higher than expected.

Nvidia forecasts sales of $54 billion USD for the current quarter.

CEO Jensen Huang said the company remains at the ‘beginning of the buildout’, with trillions expected to be spent on AI by the decade’s end.

However, investors pushed shares down 3% in extended trading, reflecting concerns that rapid growth is becoming harder to maintain as annual sales expand.

Nvidia’s performance was also affected by earlier restrictions on chip sales to China, although the removal of limits in exchange for a sales levy is expected to support future revenue.

Analysts noted that while AI continues to fuel stock market optimism, the pace of growth is slowing compared with the company’s earlier surge.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Google boosts Virginia with $9 billion AI and cloud projects

Alphabet’s Google has confirmed plans to invest $9 billion in Virginia by 2026, strengthening the state’s role as a hub for data infrastructure in the US.

The focus will be on AI and cloud computing, positioning Virginia at the forefront of global technological competition.

The plan includes a new Chesterfield County facility and expansion at existing campuses in Loudoun and Prince William counties. These centres are part of the digital backbone that supports cloud services and AI workloads.

Dominion Energy will supply power for the new Chesterfield project, which may take up to seven years before it is fully operational.

The rapid growth of data centres in Virginia has increased concerns about energy demand. Google said it is working with partners on efficiency and power management solutions and funding community development.

Earlier in August, the company announced a $1 billion initiative to provide every college student in Virginia with one year of free access to its AI Pro plan and training opportunities.

Google’s move follows a broader trend in the technology sector. Microsoft, Amazon, Alphabet, and Meta are expected to spend hundreds of billions of dollars on AI-related projects, with much dedicated to new data centres.

Northern Virginia remains the boom’s epicentre, with Loudoun County earning the name’ Data Centre Alley’ because it has concentrated facilities.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Tencent Cloud sites exposed credentials and source code in major security lapse

Researchers have uncovered severe misconfigurations in two Tencent Cloud sites that exposed sensitive credentials and internal source code to the public. The flaws could have given attackers access to Tencent’s backend infrastructure and critical internal services.

Cybernews discovered the data leaks in July 2025, finding hardcoded plain-text passwords, a sensitive internal .git directory, and configuration files linked to Tencent’s load balancer and JEECG development platform.

Weak passwords, built from predictable patterns like the company name and year, increased the risk of exploitation.

The exposed data may have been accessible since April, leaving months of opportunity for scraping bots or malicious actors.

With administrative console access, attackers could have tampered with APIs, planted malicious code, pivoted deeper into Tencent’s systems, or abused the trusted domain for phishing campaigns.

Tencent confirmed the incident as a ‘known issue’ and has since closed access, though questions remain over how many parties may have already retrieved the exposed information.

Security experts warn that even minor oversights in cloud operations can cascade into serious vulnerabilities, especially for platforms trusted by millions worldwide.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Travellers claim ChatGPT helps cut flight costs by hundreds of pounds

ChatGPT is increasingly used as a travel assistant, with some travellers claiming it can save hundreds of pounds on flights. Finance influencer Casper Opala shares cost-saving tips online and said the AI tool helped him secure a flight for £70 that initially cost more than £700.

Opala shared a series of prompts that allow ChatGPT to identify hidden routes, budget airlines not listed on major platforms, and potential savings through alternative airports or separate bookings. He also suggested using the tool to monitor prices for several days or compare one-way fares with return tickets.

While many money-saving tricks have existed for years, ChatGPT condenses the process, collecting results in seconds. Opala says this efficiency is a strong starting point for cheaper travel deals.

Experts, however, warn that ChatGPT is not connected to live flight booking systems. TravelBook’s Laura Pomer noted that the AI can sometimes present inaccurate or outdated fares, meaning users should always verify results before booking.

Would you like to learn more about AI, tech, and digital diplomacy? If so, ask our Diplo chatbot!

Brave uncovers vulnerability in Perplexity’s Comet that risked sensitive user data

Perplexity’s AI-powered browser, Comet, was found to have a serious vulnerability that could have exposed sensitive user data through indirect prompt injection, according to researchers at Brave, a rival browser company.

The flaw stemmed from how Comet handled webpage-summarisation requests. By embedding hidden instructions on websites, attackers could trick the browser’s large language model into executing unintended actions, such as extracting personal emails or accessing saved passwords.

Brave researchers demonstrated how the exploit could bypass traditional protections, such as the same-origin policy, showing scenarios where attackers gained access to Gmail or banking data by manipulating Comet into following malicious cues.

Brave disclosed the vulnerability to Perplexity on 11 August, but stated that it remained unfixed when they published their findings on 20 August. Perplexity later confirmed to CNET that the flaw had been patched, and Brave was credited for working with them to resolve it.

Would you like to learn more about AI, tech, and digital diplomacy? If so, ask our Diplo chatbot!

Gmail accounts targeted in phishing wave after Google data leak

Hackers linked to the ShinyHunters group have compromised Google’s Salesforce systems, leading to a data leak that puts Gmail and Google Cloud users at risk of phishing attacks.

Google confirmed that customer and company names were exposed, though no passwords were stolen. Attackers are now exploiting the breach with phishing schemes, including fake account resets and malware injection attempts through outdated access points.

With Gmail and Google Cloud serving around 2.5 billion users worldwide, both companies and individuals could be targeted. Early reports on Reddit describe callers posing as Google staff warning of supposed account breaches.

Google urges users to strengthen protections by running its Security Checkup, enabling Advanced Protection, and switching to passkeys instead of passwords. The company emphasised that its staff never initiates unsolicited password resets by phone or email.

Would you like to learn more about AI, tech, and digital diplomacy? If so, ask our Diplo chatbot!

Google Cloud’s new AI tools expand enterprise threat protection

Following last week’s announcements on AI-driven cybersecurity, Google Cloud has unveiled further tools at its Security Summit 2025 aimed at protecting enterprise AI deployments and boosting efficiency for security teams.

The updates build on prior innovations instead of replacing them, reinforcing Google’s strategy of integrating AI directly into security operations.

Vice President and General Manager Jon Ramsey highlighted the growing importance of agentic approaches as AI agents operate across increasingly complex enterprise environments.

Building on the previous rollout, Google now introduces Model Armor protections, designed to shield AI agents from prompt injections, jailbreaking, and data leakage, enhancing safeguards without interrupting existing workflows.

Additional enhancements include the Alert Investigation agent, which automates event enrichment and analysis while offering actionable recommendations.

By combining Mandiant threat intelligence feeds with Google’s Gemini AI, organisations can now detect and respond to incidents across distributed agent networks more rapidly and efficiently than before.

SecOps Labs and updated SOAR dashboards provide early access to AI-powered threat detection experiments and comprehensive visualisations of security operations.

These tools allow teams to continue scaling agentic AI security, turning previous insights into proactive, enterprise-ready protections for real-world deployments.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Nvidia launches Spectrum-XGS to build global AI factories

American technology company Nvidia has unveiled Spectrum-XGS Ethernet, a new networking technology designed to connect multiple data centres into unified giga-scale AI factories.

With AI demand skyrocketing, single facilities are hitting limits in power and capacity, creating the need for infrastructure that can operate across cities, nations and continents.

Spectrum-XGS extends Nvidia’s Spectrum-X Ethernet platform, introducing what the company calls a ‘scale-across’ approach, alongside scale-up and scale-out models.

Integrating advanced congestion control, latency management, and telemetry nearly doubles the performance of the Nvidia Collective Communications Library, allowing geographically distributed data centres to function as one large AI cluster.

Early adopters like CoreWeave are preparing to link their facilities using the new system. According to Nvidia, the technology offers 1.6 times greater bandwidth density than traditional Ethernet and features Spectrum-X switches and ConnectX-8 SuperNICs, optimised for hyperscale AI operations.

The company argues that the approach will define the next phase of AI infrastructure, enabling super-factories to manage millions of GPUs while improving efficiency and lowering operational costs.

Nvidia CEO Jensen Huang described the development as part of the AI industrial revolution, highlighting that Spectrum-XGS can unify data centres into global networks that act as vast, giga-scale AI super-factories.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Dell expands AI innovation hub in Singapore to drive regional growth

Dell Technologies has launched a new Asia Pacific and Japan AI Innovation Hub in Singapore, strengthening its role in advancing AI across the region.

The hub extends the company’s Global Innovation Hub, which has already received more than US$50 million in investment since 2019. Its focus is on driving AI transformation, enablement and leadership, in line with Singapore’s National AI Strategy 2.0.

Instead of offering only infrastructure, the hub delivers end-to-end support, from strategy to deployment, helping enterprises bridge the gap between ambition and practical results. Research shows 62% of Singaporean businesses prefer such holistic partnerships.

Since 2024, the hub has developed about 50 AI prototypes and carried out more than 100 proof-of-concepts, workshops and demonstrations across areas such as generative and predictive AI.

The projects have already influenced multiple sectors. In energy, AI solutions are strengthening infrastructure resilience and enhancing customer engagement with digital humans and chatbots.

In telecommunications, AI is supporting agility and operational efficiency, while in education, cloud-based technologies are empowering research and innovation.

Dell’s AI Centre of Excellence Lab further supports these initiatives by testing solutions for AI PCs and edge computing in collaboration with academic and hardware partners.

A strong emphasis is also placed on skills development. By the end of 2025, the hub aims to train around 10,000 students and mid-career professionals in AI engineering, platform engineering and related fields.

Working with 10 local institutes, Dell is addressing the talent shortage reported by nearly half of Singaporean organisations. Events such as the Dell InnovateFest and the Dell Innovation Challenge provide platforms for students and partners to showcase ideas and create solutions for social good.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!