Ryan Browne

Klarna, which is known for its popular "buy now, pay later" business, announced Wednesday it has filed IPO documents with the U.S. Securities and Exchange Commission.

Key Points Currently, many of the largest large language models, like OpenAI's GPT and Anthropic's Claude, use data centers based in the U.S. to store data and process requests via the cloud.

British online bank Zopa is on track to double pre-tax profits in 2024, up from £15.8 million last year, CEO Jaidev Janardana told CNBC.

Venture capitalists at Web Summit — one of Europe's biggest tech events — say things have become more difficult for tech investors as they're unable to cash out of long-term bets.

CEOs of European technology companies told CNBC at the Web Summit technology conference this week that the continent should adopt a “Europe-first” approach to tech after US President-elect Donald Trump's election victory.

Key Points Buy now, pay later firm Klarna's decision to go public in the U.S. drew speculation from fintech insiders about whether the move might ignite a resurgence in big fintech IPOs.

VC investment in European startups is projected to decline for a third straight year, according to Atomico — but there are signs things are finally stabilizing.

Odoo, an enterprise software startup rivalling SAP, boosted its valuation to $5.3 billion in a secondary share round led by Alphabet's VC fund and Sequoia.

The U.K. competition regulator will soon announce "behavioral" remedies to address anti-competitive practices in the cloud infrastructure industry, two sources told CNBC.

Despite nearly doubling sales year-on-year, Nvidia's third-quarter results show a slowdown from previous quarters.