The State of Tech, The European Edition of Tuesday 12 May 2026


US and China reopen emergency AI hotline over fears of a frontier model breakthrough

Microsoft launches three in-house AI models to challenge OpenAI and Google

Kuaishou explores $20 billion spin-off and IPO for its Kling AI video unit

SMIC wins approval for $5.9 billion deal, China's largest ever chip foundry merger

European startup eleQtron opens cloud access to quantum computers after €57M raise

Japan's diamond chip startups move from prototype to factory, targeting European industry