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2 weeks ago | 
bloomberg.com | Tom Mackenzie |Mark Bergen |Yazhou Sun
From generative AI to autonomous vehicles, European tech startups are breaking new ground — and grappling with the challenges posed by US tariffs, hostility to the continent's regulatory regime and fierce competition from China. Bloomberg Television's Tom Mackenzie, host of Bloomberg Tech: Europe, speaks with Yazhou Sun and Mark Bergen on Friday, June 13 at 8 a.m. EDT about the opportunities and headwinds for the region's innovators.
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2 weeks ago | 
bloomberg.com | Yazhou Sun |Mark Bergen
These are the innovative European companies breaking new ground in tech this year. Bloomberg and Founders Forum have combined forces this year to highlight the European companies and founders aiming to have an impact on a global scale. We tapped influential names in European tech — hailing from venture capital, university foundries and the C-suite of some of the biggest startups — to help us create a list of nominees.
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3 weeks ago | 
bloomberg.com | Aaron Kirchfeld |Yazhou Sun |Eyk Henning
A hornet drone manufactured by Destinus at the International Defence and Security Fair in Madrid, on May 12. (Bloomberg) -- Destinus, a drone company founded by a former Russian national that supplies weapons to Ukraine, is in talks to raise funds that would value the firm at as much as €1.5 billion ($1.7 billion), according to people familiar with the matter.
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3 weeks ago | 
news.bloomberglaw.com | Aaron Kirchfeld |Yazhou Sun |Arno Schütze
Destinus, a drone company founded by a former Russian national that supplies weapons to Ukraine, is in talks to raise funds that would value the firm at as much as €1.5 billion ($1.7 billion), according to people familiar with the matter. The company is holding talks with new and existing investors to sell a minority stake for as much as €100 million, said the people, who asked not to be identified because discussions are private.
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3 weeks ago | 
news.bloomberglaw.com | Yazhou Sun |Mark Bergen
Builder.ai filed for bankruptcy in the US after creditors seized most of the cash in the British startup’s bank accounts. The company published a list of creditors in a chapter 7 case in a Delaware bankruptcy court, Builder.ai said in a filing dated June 2. Read More: Builder.ai Faked Deals With VerSe to Inflate Sales, Sources Say The company had overstated its projected 2024 sales by 300%, contributing to creditors’ decision to seize the funds, Bloomberg reported in May.
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3 weeks ago | 
bloomberg.com | Yazhou Sun |Mark Bergen
Builder.ai is the largest AI company to collapse since ChatGPT’s launch started a global investment frenzy. (Bloomberg) -- Builder.ai filed for bankruptcy in the US after creditors seized most of the cash in the British startup’s bank accounts. The company published a list of creditors in a chapter 7 case in a Delaware bankruptcy court, Builder.ai said in a filing dated June 2.
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3 weeks ago | 
news.bloomberglaw.com | Yazhou Sun |Mark Bergen
Builder.ai filed for bankruptcy in the US after creditors seized most of the cash in the British startup’s bank accounts. The company published a list of creditors in a chapter 7 case in a Delaware bankruptcy court, Builder.ai said in a filing dated June 2. Read More: Builder.ai Faked Deals With VerSe to Inflate Sales, Sources Say The company had overstated its projected 2024 sales by 300%, contributing to creditors’ decision to seize the funds, Bloomberg reported in May.
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3 weeks ago | 
news.bloombergtax.com | Yazhou Sun |Mark Bergen
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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3 weeks ago | 
news.bloomberglaw.com | Yazhou Sun |Mark Bergen |Newley Purnell
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Builder.ai, the artificial intelligence startup that recently announced plans to declare bankruptcy, faked business with the Indian social-media startup VerSe Innovation for years to falsely inflate its sales, according to documents reviewed by Bloomberg and people with direct knowledge of the practice.
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3 weeks ago | 
news.bloombergtax.com | Yazhou Sun |Mark Bergen |Newley Purnell
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Builder.ai, the artificial intelligence startup that recently announced plans to declare bankruptcy, faked business with the Indian social-media startup VerSe Innovation for years to falsely inflate its sales, according to documents reviewed by Bloomberg and people with direct knowledge of the practice.
