Apple’s John Ternus took over as CEO after Tim Cook stepped down, with Ternus immediately signaling a “huge launch next week.” The transition comes just in time for Apple’s next iPhone event, before he has settled into the role. The leadership shift refocuses shareholder expectations on how Ternus can deliver progress in this AI-driven software era, while Cook stays on as executive chairman for policy relationships.
Tech.eu’s Europe roundup reported 50+ funding deals, 10+ exits/M&A items, and investor and industry updates across the region. Wonderful raised $550M at a $5B valuation, while Nvidia confirmed its $12.93B purchase of Hugging Face and Londoners gained the ability to hail autonomous vehicles via Uber with safety drivers. The mix of capital raises, acquisitions, and product rollouts expands AI infrastructure and tooling investment while new autonomy and deeptech bets roll into market pilots.
European tech funding slowed in August, with companies raising €3.2 billion across 165 deals. Deal volume dropped from 267 rounds in July to 165 in August. As a result, total funding fell about 63% and deal count fell about 38%, even while AI led sector funding and UK led fundraising.
Nvidia completed its $12.9 billion acquisition of Hugging Face, moving the French-founded open-source AI platform fully into US ownership on September 2, 2026.
Nvidia agreed to acquire Hugging Face for $12.93 billion, making the open model hub part of Nvidia’s business rather than treating it as just a chip supplier. Hugging Face runs a library of more than 3 million models and hosts about 18 million developers and researchers. The acquisition is expected to fund enterprise-focused tooling for safety evaluation, deployment, and inference so more companies can move from testing open-weight models to production.
Every AI story that matters,
in your inbox by 8am.
TLDRocket reads all relevant sources, removes duplicate coverage, and summarises the
day in two minutes. Follow companies and topics for alerts, or get the
briefing in Slack. Free, no spam, unsubscribe anytime.
Reading TLDRocket needs no cookies, and the readership counts we rely on come from
our own cookieless analytics. Google Analytics is the exception: it sets cookies and
reports to Google, so it stays switched off until you allow it. You can change your
mind any time from “Cookie settings” in the footer.
Strictly necessary
Session security and form protection (tldrocket-session,
XSRF-TOKEN, 2 hours). The site cannot work without them,
so they need no consent.
Always on
Google Analytics 4 (_ga,
_ga_<id>, up to 2 years). Measures which
stories and sections readers use. Google acts as a third-party processor and may
store the data outside the EU. No advertising, no profiling, no data sold.