Today, Higgsfield reached $1B in annualized revenue run rate, 18 months after launching our platform.

That’s 20x growth in the past 12 months, with average monthly revenue growth of 42.5% since launch.

This incredible growth was possible thanks to close collaboration between professional creators and engineers in our team. Our first product, Higgsfield DoP, reached $10M in annualized revenue and 1M users within weeks. Seven months later, we reached $100M.

The platform now powers 78% of Fortune 500 companies. Revenue under contract from business customers has grown 10x since June, with net revenue retention in our business segment at 300%.

Congratulations to everyone at Higgsfield on this shared achievement.

And to our customers, creators, partners, and investors, thank you for your trust, feedback, and ambition. You keep pushing us to build better!

https://www.linkedin.com/signup/cold-join?session\_redirect=https%3A%2F%2Fwww%2Elinkedin%2Ecom%2Ffeed%2Fupdate%2Furn%3Ali%3AugcPost%3A7508956403890348032%3Futm\_source%3Dshare%26utm\_medium%3Dmember\_ios%26rcm%3DACoAAAJJLFsBo8ixn0cuR-ud-Aj4hBNbmes1iOQ

https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion

https://investors.rocketlabcorp.com/node/13146/pdf

https://x.com/ast\_spacemobile/status/2083825638993997862?s=46&t=DOgs35-\_gTcmJtpubr-JAg

https://ec.europa.eu/commission/presscorner/detail/en/ip_26_1708

EU launches AI Gigafactories call to boost Europe's computing capacity and unlock more than €30 billion in investment

The EU today launched a call for tenders to establish up to seven AI Gigafactories across Europe, as part of its latest major push to accelerate Europe's technological sovereignty and ambition of becoming the AI Continent.

Led by industry and supported by up to €10 billion in EU and national funding, the initiative is expected to unlock at least €20 billion in private investment across the Union. It will expand Europe's AI computing capacity and give start-ups, scale-ups, small and medium-sized enterprises, industry, academia and public authorities access to infrastructure for training, inference and fine-tuning advanced frontier AI models.

The AI Gigafactories will combine advanced AI processors, software and cloud technology stacks, high-speed connectivity and energy-efficient data centres. Together with Europe's network of 19 AI Factories, they will strengthen Europe's technological leadership, resilience and strategic autonomy.

The initiative will ensure that Europe can develop advanced AI on its own infrastructure, in line with EU rules and values. AI technologies developed in the AI Gigafactories will follow EU standards on data protection, safety, security and ethics.

Who can apply

Consortia or Special Purpose Vehicles bringing together companies, public entities, investors and other partners can apply.

The AI Gigafactories may be established in a single Member State, either on one site or across several locations. They may also include cross-border developments in several Member States through distributed AI computing facilities.

Proposals will undergo a competitive evaluation to select the successful projects.

Funding and scale

The European High Performance Computing Joint Undertaking (EuroHPC JU) and Member States will jointly procure compute access time from the selected AI Gigafactories. Eighteen Member States have signed a joint procurement agreement with the EuroHPC JU: Croatia, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Poland, Portugal, Slovakia, Spain and Sweden. The procurement process will support up to seven AI Gigafactories across two consecutive development phases and two lots, with participating Member States matching EU funding. Public funding acts as a powerful catalyst for the initiative, driving the deep private investment required to construct and operate these facilities.

The first lot will support up to four projects, each eligible for up to €100 million in EU funding in phase one and up to an additional €400 million per project in phase two. Each Gigafactory selected in this lot must deploy at least as many of the most advanced AI processors as are currently installed in Europe's most powerful AI factory. In phase two, capacity must increase to at least three times that level. The second lot will support up to three projects, each eligible for up to €200 million of EU funding in phase one and up to an additional €800 million per project in phase two. Each Gigafactory selected in this lot must deploy up to twice as many of the most advanced AI processors as are currently installed in Europe's most powerful AI factory. In phase two, capacity must increase to at least four times that level.

Hardware for the AI Continent

Advanced AI depends on highly specialised computing hardware. As global AI adoption accelerates, access to large-scale sovereign AI infrastructure is becoming increasingly important for Europe's industrial competitiveness and technological sovereignty

AI Gigafactories consortia may procure hardware during any of the two development phases of the AI Gigafactory from any hardware providers in Europe or likeminded countries. Part of this procurement may be dedicated to European start-ups and scale ups, with the AI Gigafactories providing concrete opportunities to strengthen the European digital supply chain. At the same time, and as a follow up of the EU-US trade deal, the Commission has signed three letters of intent with major US hardware providers, AMD, NVIDIA and Qualcomm to ensure consortia have seamless access to necessary hardware.

Next steps

The call closes on 12 November 2026.

Following an evaluation process managed by the EuroHPC JU, award decisions are expected by early 2027. The necessary framework and specific contracts will then be signed to allow construction to begin in 2027.

Selected AI Gigafactories are expected to begin operations within a maximum of 18 months from the signature.

ROCKET LAB AWARDED RECORD $266M MISSILE DEFENSE CONTRACT WITH U.S. SPACE FORCE FOR SUBORBITAL LAUNCHES

Strengthens balance sheet with over $3.8 billion in pro forma cash, cash equivalents, and restricted cash as of June 30, 2026

Structured efficiently with 1.625% interest rate and $149.20 effective conversion price with effective dilution of less than 2%

MIDLAND, Texas--(BUSINESS WIRE)--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced the closing of $1.0 billion aggregate principal amount of 1.625% convertible senior notes due 2034 (the “notes”), and the exercise in full of the initial purchasers’ option to purchase an additional $150.0 million principal amount of notes (the “option notes”). The settlement for the option notes is expected to occur on July 22, 2026, subject to customary closing conditions. As part of the transaction, AST SpaceMobile purchased a capped call hedge to increase the effective conversion price to $149.20 per share.

"This financing allows us to pursue an expanding universe of growth opportunities, continue vertical integration, and secure additional access to orbit for our space-based cellular network," said Scott Wisniewski, President of AST SpaceMobile.

Andy Johnson, Chief Financial Officer of AST SpaceMobile, added: "The notes have our lowest coupon ever at 1.625% and have an effective conversion price of $149.20 per share, well above our all-time high stock price, providing cost-efficient capital with effective dilution of less than 2%."

As a result of the related capped call transactions, dilution or cash obligations upon a conversion of the notes should be mitigated by the increase in the effective conversion price of the notes. AST SpaceMobile has the optionality to settle any conversions in cash, shares of its Class A common stock, or a combination of cash and shares to further influence potential dilution or cash obligations upon any future conversion of the notes.