France

Mistral Acquires Austrian AI Startup Emmi AI to Strengthen Industrial Applications Portfolio

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Paris-based Mistral has acquired Austrian startup Emmi AI, which develops foundational AI models trained with physics laws to simulate complex engineering processes. This is Mistral’s second acquisition in three months, following the February acquisition of French startup Koyeb. Emmi, created a year ago, raised a €15m seed round and has over 30 employees who will join Mistral. The acquisition demonstrates Mistral’s shift toward vertical specialization in industrial AI.

French Sales Intelligence Startup LEADBAY Secures €3.8 Million in Series A Funding

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LEADBAY raised €3.8 million to revolutionize sales intelligence by moving beyond traditional data sources like LinkedIn profiles, job postings, web traffic, technology stacks, marketing campaigns, and social media activity to capture a larger portion of the real economy.

European Space Agency Launches SMILE Satellite to Study Earth’s Magnetic Shield and Solar Wind Interactions

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The European Space Agency launched the SMILE satellite from the Guiana Space Centre in French Guiana aboard the Vega-C rocket. This mission, developed in collaboration with the Chinese Academy of Sciences, will observe for the first time how solar winds interact with Earth’s magnetic field. The satellite will detect X-ray radiation to study Earth’s protective magnetic shield at the magnetopause and polar cusps, improving space weather models crucial for satellite and telecommunications infrastructure protection.

LVMH Sells Marc Jacobs to WHP Global and G III Apparel Group Joint Venture for $850 Million

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LVMH agreed to sell Marc Jacobs to a 50/50 joint venture between WHP Global and G III Apparel Group for 850 million dollars. The transaction will be completed before the end of 2026. Marc Jacobs will continue as Creative Director. This marks the end of nearly three decades of LVMH ownership, which began in 1997.