Seeking Alpha’s roundup of statements, announcements, and remarks that could impact the technology sector.
- European Central Bank President Christine Lagarde said AI spending appears to be having a positive impact on the European economy.
“We think that there is some change taking place in our economies,” Lagarde said Thursday, according to Bloomberg. “If you look in particular at the drivers and what has surprised us on the upside, it’s characteristically [AI] investment.”
Lagarde noted that spending has increased in both the public and private sectors, which, “based on the data that we collect, based on the surveys that we conduct, is largely attributable to the development of AI.”
- Alphabet (GOOG) (GOOGL), Salesforce (CRM), and Nvidia’s (NVDA) VC arms have joined in a $330 million Series B funding round for Lovable that values the vibe coding company at $6.6 billion.
The round was led by Alphabet’s IG Capital, along with Menlo Ventures and Anthropic’s (ANTHRO) Anthology fund. Additional investors included Nvidia’s NVentures, Salesforce Ventures, Databricks Ventures, HubSpot (HUBS) Ventures, Atlassian (TEAM) Ventures, and Deutsche Telekom’s (DTEGY) T. Capital, according to Lovable.