Peter Sarlin’s QuTwo reaches $380M valuation in angel round

Also in today’s newsletter: a new company seeks to tackle the power constraints on European data centre growth

MRC (Multipath Reliable Connection) is a new open networking protocol developed by OpenAI in partnership with AMD, Broadcom, Intel, Microsoft, and NVIDIA that improves GPU networking performance and resilience in large-scale AI training clusters by spreading packets across hundreds of paths simultaneously, recovering from network failures in microseconds, and enabling supercomputers with over 100,000 GPUs to be built using only two tiers of Ethernet switches. The post OpenAI Introduces MRC (Multipath Reliable Connection): A New Open Networking Protocol for Large-Scale AI Supercomputer Training Clusters appeared first on MarkTechPost.

Partnership between top startup DeepL and Amazon comes amid concern about Silicon Valley’s monopoly over digital infrastructure AI companies in Europe risk losing their world-leading status in the field of machine translation, industry figures have said, after the decision by one of the continent’s leading startups to partner with Amazon’s cloud computing division provoked alarm. While businesses in the EU have generally lagged behind the US and China in AI adoption, a small group of European companies have cornered the global market for high-quality machine translations for professional use. Continue reading...

Zyphra releases ZAYA1-8B, a reasoning Mixture of Experts model with only 760M active parameters that outperforms open-weight models many times its size on math and coding benchmarks — closing in on DeepSeek-V3.2 and surpassing Claude 4.5 Sonnet on HMMT'25 with its novel Markovian RSA test-time compute method. Trained end-to-end on AMD Instinct MI300 hardware and released under Apache 2.0, it sets a new standard for intelligence density in the small language model weight class. The post Zyphra Releases ZAYA1-8B: A Reasoning MoE Trained on AMD Hardware That Punches Far Above Its Weight Class appeared first on MarkTechPost.

Insider Brief ORCA Computing, a leading quantum computing company, and SiC Systems, a leader in physics-informed multi-agent AI for industrial process systems, today announced a strategic partnership to apply hybrid quantum–classical computing to industrial agentic AI for chemical and biomanufacturing process design, control and maintenance. This collaboration represents the first-time quantum computing is being integrated into industrial agentic […]

Insider Brief European AI startup QuTwo raised a €25 million angel financing round, increasing its valuation of roughly $380 million, TechCrunch is reporting. The round offers further evidence of continued investor appetite for both artificial intelligence and quantum-enhanced computing. It’s also a boost for European technology firms. The Finland-based company was founded by Peter Sarlin, […]

For decades, the technology industry lived and breathed by the cadence of a few select “can’t-miss” events. We remember the peak of COMDEX, the frenzy of early Macworlds, and, most importantly for the silicon world, the Intel Developer Forum (IDF). […] The post The Coming AI Storm and Why AMD’s coming July Event Is the New Industry North Star appeared first on TechSpective.

eleQtron raises €57M Series A to scale trapped-ion quantum computers for industrial use, led by Schwarz Digits with EIC Fund and Earlybird.