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The Company That Powers Every AI App You Use—And the 13 Cloud Providers It Had to Scramble to Find Just to Keep the Lights On
StartupsMay 22, 2026

The Company That Powers Every AI App You Use—And the 13 Cloud Providers It Had to Scramble to Find Just to Keep the Lights On

Erik Bernhardsson has spent the past six months doing something no CEO of a serious infrastructure company ever wants to do: calling up cloud providers he has never heard of and begging them for spare GPU capacity. His company, Modal Labs, is not a small startup struggling to find compute. It is a $4.65 billion business that just raised $355 million in Series C funding, quintupled its annualized revenue from $60 million to $300 million since September, and counts biotech companies, hedge funds, and weather-forecasting firms among its customers. And yet, Bernhardsson has been forced to cast an ever-wider net for the chips his customers need, expanding Modal's roster of cloud suppliers from five to thirteen in a matter of months, including names he admits he had never encountered before the great GPU famine of 2026 forced him to go looking.

From Smokestack to Supper: The Deep-Tech Startups Turning Industrial Emissions Into Capitalist Gold
ImpactMay 22, 2026

From Smokestack to Supper: The Deep-Tech Startups Turning Industrial Emissions Into Capitalist Gold

Forget plant-based burgers and laboratory-grown steak. A fiercely competitive cohort of deep-tech biotech startups is shaking up the venture capital world by commercializing an entirely new category of nutrition: protein brewed directly from industrial carbon dioxide emissions. By leveraging ancient, gas-fermenting microbes originally studied by NASA, these companies are transforming factory pollution into high-purity protein effectively decoupling the future of global food security from the limitations of land, water, and shifting climate patterns.

The €5 Billion Ultimatum: Europe Just Hired a Swedish Giant to Stop Its Best Ideas From Fleeing to America
StartupsMay 22, 2026

The €5 Billion Ultimatum: Europe Just Hired a Swedish Giant to Stop Its Best Ideas From Fleeing to America

Sometime in the next several weeks, a Swedish private equity firm with €269 billion in assets will begin raising a fund that represents something Europe has never attempted before: a concerted, state-backed effort to stop the continent's most valuable technology companies from being systematically acquired by American and Chinese buyers before they reach scale. The Scaleup Europe Fund, a €5 billion vehicle that will target late-stage companies in artificial intelligence, quantum computing, space technology, clean energy, and biotechnology, is the most ambitious government intervention in European venture capital since the creation of the European Investment Fund in 1994. It is also an admission of failure.

America Is About to Have Two Stock Markets for the Same Company: Inside the SEC's $15.1 Billion Tokenized Stock Gamble
TechMay 22, 2026

America Is About to Have Two Stock Markets for the Same Company: Inside the SEC's $15.1 Billion Tokenized Stock Gamble

Sometime this week, the U.S. Securities and Exchange Commission is expected to publish a document that will do something no American financial regulator has ever done. It will create a legal framework for two parallel stock markets to trade the same shares of Apple, Tesla, and Nvidia—one running on the century-old infrastructure of the New York Stock Exchange, the other on crypto rails that settle instantly, operate 24 hours a day, and require no permission from the companies whose shares they track. The document is called an "innovation exemption," and it is the most significant regulatory experiment in the structure of American equity markets since the creation of the SEC itself in 1934.

The €180 Million Bet That Went Quietly Wrong: Inside the Metacore Meltdown—and Supercell's Gamble to Salvage It
TechMay 22, 2026

The €180 Million Bet That Went Quietly Wrong: Inside the Metacore Meltdown—and Supercell's Gamble to Salvage It

In the autumn of 2020, a small Finnish game studio released a mobile puzzle title that should not have worked. The game involved no shooting, no racing, no combat of any kind. Its central mechanic was merging—dragging one garden tool onto another to create a slightly better garden tool, then using that tool to renovate a crumbling mansion. The protagonist was a grandmother. The story, such as it was, involved a family mystery buried somewhere in the estate. The name, Merge Mansion, sounded like a retirement-home hobby.

The Five-Week Software Upgrade That Could Save Your Next Flight: How a Romanian Startup Is Rewriting the Code That Keeps 10 Million Planes a Year From Colliding
TechMay 22, 2026

The Five-Week Software Upgrade That Could Save Your Next Flight: How a Romanian Startup Is Rewriting the Code That Keeps 10 Million Planes a Year From Colliding

In a modest office in Romania's capital, a team of engineers has spent the past year doing something that the global aviation industry has spent decades trying to avoid: they rewrote the software that coordinates air traffic across an entire continent. Not a prototype. Not a simulation. The actual production software that underpins aviation systems used in airports and air traffic control operations across Europe, contributing to successful journeys for tens of millions of airline passengers every year.

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