Tech Brew Ride Home Mon. 03/17 – Europe Wants To Ween Itself Off Silicon Valley
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Mar 17, 2025 Europe is gearing up to reduce its reliance on foreign tech giants, signaling a potential divide with Silicon Valley. The intrigue between Rippling and Deel brings corporate espionage to the forefront. Klarna’s partnership with Walmart is a game changer as it eyes an IPO. Meanwhile, CoreWeave's upcoming IPO shines a light on the AI landscape. Lastly, the new iPhone 17 Air hints at bold design shifts, with a focus on going port-free and embracing foldable technology.
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Europe's Tech Sovereignty Push
- Europe seeks to reduce reliance on foreign big tech due to geopolitical concerns, mirroring similar anxieties between China and the West.
- Over 100 EU companies advocate for a "Eurostack" to bolster local digital infrastructure.
Rippling vs. Deel Espionage Case
- Rippling accuses rival Deel of corporate espionage, alleging a planted employee accessed trade secrets via a Slack honeypot.
- The lawsuit highlights aggressive competition in the HR tech space, involving high valuations and contentious history between the companies.
Klarna's Strategic Walmart Partnership
- Klarna's deal with Walmart's OnePay to offer BNPL services is a significant win ahead of Klarna's expected IPO.
- This intensifies competition with Affirm and positions Klarna for a stronger public market debut.