Black Semiconductor Raises $273 Million
The company Black Semiconductor, which is based in Germany and develops graphene-based technology for connecting chips, was able to raise investment funds for 254.4 million euros (about $273 million).
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AWS Plans to Invest $8.4 Billion in Germany
Amazon Web Services (AWS) on Wednesday, May 15, announced its intention to invest 7.8 billion euros ($8.44 billion) in Germany.
German Industrial Production Demonstrates Decline
In Germany, a decrease in industrial output was recorded in March.
German State Bank LBBW to Launch Crypto Custody
Germany’s largest federal-owned bank – Landesbank Baden-Württemberg (LBBW) – has partnered with Bitpanda Technology Solutions to offer crypto custody and trading services.
German Business Outlook Improves
In Germany, an improvement in business outlook was recorded, which turned out to be higher than preliminary expectations and gave rise to cautious hopes that the country’s economic system would leave the downturn zone, which turned it into a kind of outsider of the eurozone.
Deutsche Börse Launches Regulated Spot Crypto Exchange
Crypto trading on the new Deutsche Börse Digital Exchange (DBDX) for crypto assets is now live.
France and Germany to Propose Measures for Economic Growth
French Finance Chief Bruno Le Maire said that in early March he would make proposals to German Economy Minister Robert Habeck to reduce the norms of the European Union, which, in his opinion, are a factor of negative impact on business and create obstacles to economic growth.
Microsoft to Invest in German AI Infrastructure
Microsoft President Brad Smith announced his intention to direct investment funds for €3.2 billion ($3.4 billion) to the development of artificial intelligence infrastructure in Germany.
Germany’s Investor Outlook Improves
For the seventh month in a row, Germany has recorded an improvement in the prospects for investment activity, which gives reason to hope that the worst times for the largest European economic system are in the past and the future will be a space for the implementation of a more favorable scenario.
German Prices Ease More Than Expected
At the beginning of the current year, inflation in Germany showed a slowdown, the pace of which turned out to be more significant than initial expectations for the dynamic of the decrease in the intensity of growth in the cost of goods and services.
Germany to Back EU AI Act
Germany intends to support the proposals of the European Union on the regulation of artificial intelligence after the Ministry of Transport and Digital Affairs abandoned its position of disagreement with the Law of this bloc of countries on AI.
N26 Rolls Out Stock & ETF Trading
German online bank N26 has launched the long-anticipated Stock and ETF trading product that will allow its customers to buy and sell stocks and ETFs in-app for 0.90 EUR per trade.
Volkswagen Adds ChatGPT to Vehicle Voice Assistant
Volkswagen plans to add a popular AI-powered chatbot ChatGPT function into all its car and SUV models equipped with IDA voice assistant.
German Budget Crisis Worsens
The German leadership decided on an emergency spending freeze against the background of the decision of the country’s top court, which aggravated the already existing budget crisis, which became a kind of shock factor for Europe’s largest economy.
Germany to Help Its Tech Industry to Compete With Silicon Valley
Germany has approved a package of reforms in the sphere of capital that will help this country’s technology sector compete with Silicon Valley.
German Companies Invest Over $500 Million In AI Startup Aleph Alpha
Aleph Alpha GmbH, a startup operating in the sphere of artificial intelligence, and striving to create a European competitor to large language models developed by OpenAI and Google, managed to raise investment funds for more than $500 million from a consortium of industrial giants and financial investors.
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