Switzerland launches its own open-source AI model

There's a new player in the AI race, and it's a whole country. Switzerland has just released Apertus, its open-source national Large Language Model (LLM) that it hopes would be an alternativ [...]

The wildest details in the Facebook memoir Meta is trying to bury

Sarah Wynn-Williams joined Facebook in 2011 when it was very much in its “move fast and break things” era. A former United Nations diplomat, she had aspirations of helping Facebook boost its stand [...]

Swiss startup Prem AI is raising $100M so hedge funds and law firms can own their AI instead of renting it

Prem AI, a Swiss startup that helps hedge funds and law firms run AI models on their own infrastructure, is raising $100 million in a Series A at a valuation of at least $500 million. The company expe [...]

Swiss AI Initiative introduces Apertus as a fully open language model focused on transparency and privacy

A consortium of Swiss research institutes has introduced Apertus, a family of language models designed as a transparent, privacy-focused alternative to commercial systems like ChatGPT.<br /> The [...]

Amazon prepares its first Swiss franc bond in six-part AI-capex push

BNP Paribas, Deutsche Bank and JPMorgan have the mandate. Maturities run from three years to 25 years. The trade follows Alphabet’s record Swiss issuance in February and Amazon’s $37bn dollar deal [...]

Swiss study finds fewer job ads for career starters as AI reshapes entry-level work

An analysis of 7.3 million job advertisements shows entry-level postings down sharply since the years before generative AI, with the steepest declines in roles the tools can most readily take on. The [...]

Swiss banks are back in style for rich Americans. Thank Trump

Rich Americans are reportedly flocking to Swiss banks amid Trump’s seesawing economic policies, looking to safeguard their assets overseas. Read more... [...]

French-Swiss software merger to mint Europe’s latest unicorn

French software firm LumApps is set to merge with Swiss counterpart Beekeeper in a deal that will create a new business valued at over $1bn. LumApps, which calls itself an “intranet super app,” of [...]

Exclusive: Swiss startup picks Rotterdam for green aviation fuel plant

Swiss tech startup Metafuels has unveiled plans to open its first commercial-scale sustainable aviation fuel (SAF) plant in the Port of Rotterdam.  Metafuels’ CEO Saurabh Kapoor told TNW that Turbe [...]