AGP Executive Report
Last update: 7 hours agoSovereign AI Funding: France’s Mistral just raised €3B in its Series D, valuing the company at over €21B, with Samsung leading and Luxembourg’s government among the backers—money aimed at frontier research, compute, and scaling its enterprise push. AI in Healthcare: Implicity secured $40M to expand its AI-driven cardiac remote monitoring platform, serving 250+ medical centers and monitoring 120,000+ patients daily. Power for AI Data Centers: SolarEdge and Infineon extended their work on solid-state circuit breakers for 800 VDC distribution, targeting safer, faster fault isolation as AI racks get more power-dense. Luxembourg Airport Tech: Luxembourg warned that new passport readers may still glitch at some international airports due to PACE updates not yet being recognised everywhere. Space & Connectivity: SES opened a new Chennai office, tripling its India workforce to 600+ and deepening satellite-enabled connectivity partnerships. Digital Finance Infrastructure: Fundcraft raised €12M to scale AI- and automation-backed fund operations across Europe, including support for Luxembourg-linked structures. Education & Skills: A Luxembourg-linked PISA update says smartphone restrictions in schools may tighten after reading declines. Mining Update: Koryx Copper reported strong drill results at the Haib project in Namibia, including wide copper-equivalent intercepts.
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