Xiaomi releases MiMo-V2.5 open-source models under MIT licence, topping agentic benchmarks

Xiaomi has released MiMo-V2.5 and MiMo-V2.5-Pro as MIT-licensed open-source large language models, available on Hugging Face for immediate commercial deployment. According to Xiaomi's published benchmarks, both models rank amongst the most efficient available for agentic task execution at their compute tier.

SaaStock shuts down after 11 years, citing real pressure from AI on the events and community model

SaaStock, the Irish-founded conference series that became the premier gathering for European SaaS founders and investors, has announced it is shutting down. The organisation cited "real pressure from AI" on the events and community format it had built over 11 years.

ASI-EVOLVE framework autonomously optimises AI training data, architectures, and algorithms — surpassing human baselines

Researchers at the Generative Artificial Intelligence Research Lab have published ASI-EVOLVE, an agentic system that autonomously optimises the full AI training stack — data, model architecture, and learning algorithms — in a continuous learn-design-experiment-analyse cycle. In laboratory experiments, the framework discovered novel designs that outperformed state-of-the-art human-engineered baselines.

European Commission approves €500 million Luxembourg state aid scheme to scale cleantech manufacturing

Nearly €80 billion of public money is flooding into European venture capital — and the market is asking whether it helps

Nearly €80 billion in public funding is flowing into European venture capital and startup ecosystems, according to a Sifted analysis — raising substantive questions about whether state-backed capital at this scale is reaching the market where it is actually needed, or creating distortions that disadvantage later-stage scaleups.

Open-source, locally-running AI integration arrives on Ubuntu — no cloud connection required

Canonical is integrating open-source, locally-executed AI capabilities into Ubuntu, positioning the Linux platform as a privacy-respecting alternative to cloud-dependent AI workflows. The integration runs entirely on-device, with no data transmitted to external servers.

SumUp taps leading investment banks for a potential London Stock Exchange listing

SumUp, the pan-European payment technology company with more than four million small business customers across 36 markets, is reported to be in talks with leading investment banks over a potential listing on the London Stock Exchange, according to Sifted.

Hungary's tech founders greet Orbán's election defeat with cautious optimism over EU access and funding

Following the historic electoral defeat of Viktor Orbán's government in Hungary, technology leaders and startup founders in Budapest are expressing cautious optimism about the political shift. They anticipate improved access to EU structural funding, a reversal of policies that constrained the country's innovation ecosystem, and reduced political risk for foreign investors.

OpenAI is reportedly developing a custom semiconductor for an AI-first smartphone

OpenAI is reportedly developing its own custom semiconductor for an AI-first smartphone, entering a hardware competition anchored by Apple's Bionic chips and Google's Tensor processors. The chip would be optimised to run OpenAI models on-device rather than relying on server-side inference.

Eka Ventures raises £80 million to back AI, health, and climate startups that lean into regulation

London-based Eka Ventures has raised £80 million for its second fund, targeting early-stage companies in artificial intelligence, health, and climate that are building compliance-aware products as a competitive moat rather than treating regulatory scrutiny as an external constraint.