European Commission President Ursula von der Leyen has proposed an $840 billion plan to increase defense budgets in Europe amid concerns about US military aid to Ukraine and potential US commitments to protect European allies. The plan includes a new fund of over $150 billion and relaxing debt rules to free up $680 billion over four years, with member states able to use funding from other programs for defense spending. Von der Leyen’s proposal will be discussed at an EU summit on Thursday.
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Y Combinator startups are fastest growing, most profitable in fund history because of AI
Y Combinator's latest cohort of early-stage startups is experiencing unprecedented growth, with companies leveraging artificial intelligence to automate tasks and generate code, leading to significant revenue increases. This AI-driven growth has allowed startups to operate with smaller teams and focus on profitability, a shift away from the previous growth-at-all-costs mentality. YC's focus on AI-centric companies has resulted in earlier commercial validation and success, with the accelerator's strong network providing a competitive edge in the crowded...
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