PANews reported on December 5th that, according to Bloomberg, cloud computing startup Fluidstack is in talks for a new funding round of approximately $700 million, potentially valuing the company at $7 billion. This round is likely to be led by Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, with participation from Google's parent company Alphabet and Goldman Sachs. This year, Fluidstack has already secured several collaborations with Google and plans to build a €10 billion AI supercomputing center in France. Fluidstack has already established partnerships with Meta, Honeywell, and numerous other AI startups.

Legal experts are concerned that transforming ESMA into the “European SEC” may hinder the licensing of crypto and fintech in the region. The European Commission’s proposal to expand the powers of the European Securities and Markets Authority (ESMA) is raising concerns about the centralization of the bloc’s licensing regime, despite signaling deeper institutional ambitions for its capital markets structure.On Thursday, the Commission published a package proposing to “direct supervisory competences” for key pieces of market infrastructure, including crypto-asset service providers (CASPs), trading venues and central counterparties to ESMA, Cointelegraph reported.Concerningly, the ESMA’s jurisdiction would extend to both the supervision and licensing of all European crypto and financial technology (fintech) firms, potentially leading to slower licensing regimes and hindering startup development, according to Faustine Fleuret, head of public affairs at decentralized lending protocol Morpho.Read more

