This week we discuss:

02:07 — Improbable’s refocus on the metaverse sees big reduction in losses
04:46 — ‘The economics of trading equity for compute are not great’ — Mistral releases its first model
07:15 — Dutch arm of vertical farming startup Infarm declared bankrupt
11:22 — US eyes British startups in chip sovereignty bid
13:50 — UK-France AI rivalry heats up with dual summits
14:48 — Why is applying for EU funding such a nightmare?

Get yourself a ticket to the Sifted Summit here.