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EuropaNow

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Future

Future on Europa Now: AI, climate tech and the long bets that will decide what Europe builds next.

ClickUp just laid off 22% of staff while deploying 3,000 AI agents and promising million-dollar salaries to survivors — and Gartner's data quietly says the financial returns aren't actually showing up

AI

ClickUp's AI Gambit: Massive Layoffs, Inflated Promises, and Missing Returns

ClickUp has cut 22% of its workforce while deploying 3,000 AI agents and dangling million-dollar salaries to survivors. Yet Gartner data reveals that most companies making similar moves see no financial gains.
Saudi Arabia commits $100 billion to AI infrastructure in bid to diversify beyond oil

AI

Saudi Arabia bets $100 billion on becoming a global AI computing powerhouse

The Kingdom has launched HUMAIN, a new venture backed by $100 billion in capital, to build data centers and Arabic-language AI models as part of its strategy to reduce economic dependence on oil revenues.
The quiet signals of genuine wealth have nothing to do with watches, cars, or addresses

AI

OpenAI's $40 Billion Windfall: The AI Industry Enters Its Most Expensive Era

OpenAI has secured $40 billion in funding at a $300 billion valuation, marking the largest private capital raise ever and signalling an unprecedented escalation in the resources required to compete at the frontier of artificial intelligence.
Monaco Hydrogen Alliance and MobilityVC launch MH2Fund to accelerate Europe’s hydrogen ecosystem

Climate Tech

Monaco and MobilityVC Join Forces to Fund Europe's Hydrogen Startups

A new venture capital fund backed by the Monaco Hydrogen Alliance and MobilityVC will invest in early-stage hydrogen companies, starting with a funding round for Singapore-based electrolyser maker SunGreenH2.
VEMS, Biosphere Solar, JansZon and the City of Amsterdam have secured MIT R&D subsidy to push circular energy

Climate Tech

Amsterdam consortium wins MIT backing for circular solar energy initiative

Four partners including tech firm VEMS and solar innovator Biosphere Solar have landed €655K in funding to advance recyclable photovoltaic systems and smart energy management across the Dutch capital.