Tech News
LAST UPDATE: September 10, 2025
ASML-Mistral AI deal boosts Europe tech hopes as Trump rivalry heats up
Reuters
ASML invested $1.5B in French AI firm Mistral, acquiring an 11% stake and positioning itself as the top shareholder—an investment seen as bolstering European AI independence.
Insight
The strategic move represents a European push toward tech sovereignty amid global tensions and competition from U.S. and Asian tech giants.
Stablecoin issuer Figure Technologies upsizes IPO as crypto interest soars
Reuters
Figure Technologies increased its IPO size and share price range amid surging investor appetite for crypto-linked stocks. The offering could raise ~$693M, valuing the company at ~$4.66B.
Insight
Investor demand underscores renewed enthusiasm for crypto-related ventures as the sector gains mainstream traction once again.
Revolut Plans UAE Debut After Securing Central Bank Approval
Bloomberg
Revolut received in-principle approval from the UAE Central Bank for Stored Value and Retail Payment licenses, paving the way for launch in the UAE.
Insight
Expanding into the UAE marks a key step in Revolut’s global expansion, targeting dynamic digital markets in the Gulf region.
Elon Musk’s X faces Canadian fine for not removing non-consensual intimate images
Reuters
A BC tribunal fined X C$100,000 for refusing to fully remove a non-consensual intimate image, instead geofencing it—a move that violated an order under the province’s Intimate Image Protection Act.
Insight
The decision sets a legal precedent, signaling regulatory crackdowns on tech platforms’ responsibilities in handling sensitive content.
