April 18, 2024
Choke Points, Competitiveness, and Competition
By Thorsten Käseberg1 Over the last 10 years, “choke points” have become a standard notion for trade and security policymakers in our conflict-driven, globalized interdependent world. Choke points may...
April 18, 2024
Why Europe Must End Its 30-Year Digital Winter to Ensure...
In the last 30 years, Europe — defined here as the EU plus the U.K., Norway and Switzerland — has created few leading digital businesses compared to the U.S. and...
April 17, 2024
EU Regulators Set to Clear Microsoft’s $13B OpenAI Investment
EU antitrust regulators have reportedly determined that Microsoft’s $13 billion investment into OpenAI will not trigger a formal investigation, according to sources familiar with the matter. The decision comes as...
April 17, 2024
PayPal Leads $19 Million Series A for B2B Card Platform...
B2B credit card platform Pliant is planning to expand after raising $19 million. The funding round, announced Wednesday (April 17) was led by PayPal Ventures and brings the Berlin-based Pliant’s total Series A financing to...
April 17, 2024
EU Privacy Watchdog Calls for Meta to Offer Ad-Free Option
The European Union’s leading privacy regulator has suggested that Meta Platforms Inc., the parent company of Facebook, should provide its users with a free option that does not involve targeted...
April 17, 2024
Report: Mistral AI Targeting $5 Billion Valuation
Mistral AI is reportedly exploring a funding round that would value it at $5 billion. The French startup has been in talks with investors about raising several hundred million dollars, The Information reported...
April 16, 2024
European Banking Federation Says EU Should Streamline Regulation
The European Banking Federation (EBF) is calling on the European Union (EU) to streamline regulation of banks and to declare banks a “strategic sector.” The group is promoting these reforms as a...
April 16, 2024
EU Cybersecurity Label Vote Delayed Amidst Big Tech Debate
National cybersecurity experts within the European Union have postponed a crucial vote on a draft EU cybersecurity label, extending the timeline for tech giants like Amazon, Google, and Microsoft to...
April 16, 2024
UK Begins Drafting Regulations for Advanced AI Models
The United Kingdom is contemplating potential regulation for artificial intelligence (AI) as concerns about the safety of AI models continue to grow. Despite the absence of an official regulatory framework,...
Real-time payments in the EU are on the verge of achieving their instantaneous promise, with a new rule from the European Council requiring instant fund transfers to be available within 10 seconds. In this edition of the “Real-Time Payments World Map,” a collaboration with The Clearing House, PYMNTS explores this development along with other advancements unfolding across the global real-time payments landscape.