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Microsoft's AI Bet Pays Off, But Investors Are Getting Nervous - Professional coverage
BusinessCloudSoftware

Microsoft’s AI Bet Pays Off, But Investors Are Getting Nervous

According to The Wall Street Journal, Microsoft posted $81.3 billion in revenue for its fiscal second quarter, beating expectations. Its…

Halide's co-founder is heading back to Apple's design team - Professional coverage
HardwareInnovationSoftware

Halide’s co-founder is heading back to Apple’s design team

According to 9to5Mac, Halide and Lux co-founder Sebastiaan de With announced he is joining Apple's human interface design team. This…

Origami Linux: A Beautiful, Immutable Fedora Twist with COSMIC - Professional coverage
ComputingInnovationSoftware

Origami Linux: A Beautiful, Immutable Fedora Twist with COSMIC

According to ZDNet, Origami Linux is a relatively new distribution conceived in 2021 with the goal of creating something beautiful…

StartupsTechnologyTelecom

European Startup Secures Seed Funding for Multi-Orbit 5G Satellite Modem Development

Nxgsat, a Belgian startup founded by satellite industry veterans, has secured €1.2 million in seed funding to develop a virtual 5G modem for satellite communications. The technology aims to break down proprietary barriers in satellite networks, enabling multi-orbit compatibility. Commercial availability is reportedly planned for the second quarter of 2026.

Funding Breakthrough for Satellite Connectivity Innovation

A Belgian startup founded by satellite networking veterans has reportedly secured 1.2 million euros ($1.4 million) in seed funding to develop what sources describe as a groundbreaking virtual 5G modem for satellite communications. According to reports, Nxgsat’s technology is designed for multi-orbit compatibility across traditionally closed communications infrastructure, potentially revolutionizing how satellite networks operate.

EnergyManufacturingSustainability

Swedish Green Steel Firm Stegra Faces Financial Crisis Amid Investor Jitters

Swedish green steel manufacturer Stegra is confronting a severe financial crisis as its funding gap surges to €1.5 billion. The company, founded by the same financiers behind bankrupt battery maker Northvolt, has approximately 1.7 months of liquidity remaining as it races to secure new financing.

Funding Crisis Deepens for Green Steel Startup

Swedish green steel company Stegra is battling to avoid becoming the second multibillion-euro European green industrial project to face insolvency within a year, according to financial reports. The startup, which has raised $6.5 billion in debt and equity, faces mounting financial pressures just 11 months after its sister company Northvolt, launched by the same Swedish financiers, declared bankruptcy despite raising $15 billion.