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Business – Silicon Republic

Perplexity plans for 2028 IPO debut, CEO Aravind Srinivas says Apple's Siri AI won't be available in the EU at launch Limerick-based software company Kneat to be acquired by Thoma Bravo for C$650m FT: ChatGPT getting a ‘superapp’ revamp before OpenAI hits IPO Canada joins EU in push for tech sovereignty with new AI strategy Cloudflare acquires Vite maker Voidzero for an AI-native web Quantinuum raises $1.68bn in US Nasdaq IPO SpaceX aims for $75bn in largest IPO raise at $1.7trn valuation EU sovereignty package aims to end reliance on foreign cloud, chips and AI China’s DeepSeek close to $7.4bn raise at up to $59bn valuation UK regulator orders Google to give publishers AI search opt-out Salesforce acquires German-founded AI platform Contentful Claude maker Anthropic files for much-awaited IPO IBM to spend $10bn on quantum over five years Anthropic overtakes OpenAI with $965bn valuation after latest raise EU fines Temu €200m for failing to prevent the sale of illegal products Europe rates highly with Dealroom for tech ecosystem density Cork employee experience firm Poppulo bags France’s Sociabble Dropbox founder Drew Houston steps down after 19 years at helm Micron, SK Hynix hit $1trn valuation amid AI chip demand Netherlands blocks Kyndryl’s Solvinity acquisition Opinion: AI transforming how tenders are written but not how they're evaluated Report: Google to receive highest DMA fine over its Search practices Bloomberg: Prosus asks EU to drop forced sale of Delivery Hero stake Cork’s Republic of Work to launch Celtic Link with partner CodeBase Kyran O’Mahoney on the accessibility gap and a new AI tool to solve it WhatsApp ads could make Irish debut after discussions with DPC SpaceX files publicly for what could be largest IPO in history Nvidia posts record $81.6bn Q1 amid AI infrastructure boom Expedia acquires Dublin’s CarTrawler to expand B2B offerings AIB, Bank of Ireland join group pushing for euro stablecoin Roughly 350 Irish employees reportedly impacted by global cuts at Meta Analog Devices buys Empower Semiconductor in $1.5bn deal Samsung strike talks collapse with chip supply chains in the balance Google launches 'biggest' Search revamp in 25 years with Gemini ‘It’s funny, I went from admiring tech companies to helping found one myself’ Irish business leaders more likely than European peers to value empathy in AI Meta reportedly reassigns 7,000 jobs ahead of mass layoffs Samsung strike talks closing as global chip supply chains at risk France's Publicis bags LiveRamp for $2.2bn in agentic push Can EU AI Act actually regulate models like Mythos? Pharmaceutical Takeda to cut 4,500 from global workforce Anthropic sets sights on small business after enterprise push Cerebras Systems IPO set to raise more than $5.5bn LinkedIn announces layoffs: 78 Irish jobs reportedly at risk SETU gets new €11.5m IBM system to boost skill development Meta opens WhatsApp to rival AI chatbots to steer clear of EU ire Alphabet’s Isomorphic Labs raises $2.1bn in Series B funding Anthropic upcoming raise could value it above OpenAI – reports Carmaker GM, coding platform GitLab plan hundreds of job cuts AI layoffs do not result in returns for companies, finds report Quantinuum files for IPO as quantum stocks gain popularity Cloudflare cuts headcount by 20pc for leaner, AI-powered workforce Quantexa opens new Dublin office and R&D centre Major European markets still lagging on salary transparency, finds report Anthropic joins forces with SpaceX for Colossus capacity Coimisiún na Meán opens investigation into Meta’s content promotion Dublin’s GridBeyond to support energy efficiency with new global headquarters Coinbase cuts 14pc of jobs to save costs and embrace AI National research partnership to examine flexible work and Ireland’s economy Anthropic, Blackstone, Goldman Sachs to create AI services company Meta bags Assured Robot Intelligence to further humanoid plans Spotify unveils verified badge to distinguish humans from AI Dublin’s Version 1 to acquire CreateFuture consultancy Apple posts ‘best March quarter’ with iPhone sales up 21.6pc Cork HQ for new onshore renewables company Perigus Energy Meta, Microsoft, Amazon and Alphabet post positive quarterlies Oracle reportedly cutting up to 150 Irish jobs The Leaders’ Room: Boston Scientific’s Sean Gayer on a meaningful mission EU finds Meta not doing enough to keep underage users at bay TSMC $231m share sale marks full exit from UK chip designer Arm Datavant opens new global R&D centre in Galway’s Bonham Quay Revolut plans a physical store in Barcelona Report: Meta to undo Manus acquisition after Chinese block 700 fear job cuts at Meta contractor Covalen China blocks Meta’s $2bn Manus acquisition After Amazon, Google commits up to $40bn in Anthropic Bloomberg: Bezos’ Project Prometheus bags $10bn at $38bn value Meta to lay off 10pc of its workforce amid an AI push Intel’s shares soar as Q1 results signal brighter future OpenAI taps Airbnb exec as first EMEA managing director EAM platform Blue Mountain acquires Cork’s CompuCal Calibration Solutions SpaceX agrees right to buy AI coding darling Cursor for $60bn Amazon investing up to $25bn in Anthropic AI infrastructure deal Tim Cook passes Apple leadership to hardware head John Ternus AIM Centre strengthening medtech and life sciences link with new Galway base Kerry Group expands Cork facility as lactose-free demand grows Netflix shares fall on Q2 forecast as co-founder Hastings steps aside The Leaders' Room: Equinix's Peter Lantry on powering Ireland sustainably ‘No more excuses’ as EU launches free age verification app Snap cuts 16pc workforce to prioritise AI and savings Amazon buys Globalstar to bolster Leo’s satellite capabilities ASML forecasts €36bn in 2026 net sales amid AI race chip demand Klaviyo building out its engineering team at Dublin facility UK neobank Monzo makes Irish launch after US market exit Meta to pay CoreWeave $21bn for additional cloud capacity Digital rights group EFF leaves X Alibaba leads $293m round in Chinese AI start-up after HappyHorse reveal OpenAI pauses Stargate UK over energy costs US court won't pause Anthropic ban, but wants case expedited
Bloomberg: China plans $295bn spend for nationwide data centre build-out
Suhasini Srinivasaragavan · 2026-06-09 · via Business – Silicon Republic
China’s core AI industry – which boasts more than 6,200 companies – was valued at nearly $174bn in 2025. Read…

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