Proxima Fusion has secured €400 million in funding, boosting its valuation to €2.4 billion. The investment round was backed by prominent investors Google and XTX, reflecting the growing interest in fusion energy as a viable alternative. This funding comes amid an AI boom that is accelerating competition in the energy sector, with a focus on achieving breakthroughs in nuclear fusion technology.
EnergyStartupsInvestment+1
EnergyStartupsInvestmentNuclear Fusion
Google and XTX Invest in German Fusion Start-Up Proxima Fusion Valued at €2.4 Billion
Financial Times· Wednesday, July 8, 2026
More Articles From This Day
Generative AIAI Solutions+2
Generative AIAI SolutionsMicrosoftProduct Launch
Microsoft Introduces Proprietary AI Solutions, Phasing Out OpenAI and Anthropic in Applications
Microsoft has begun replacing OpenAI and Anthropic technologies with its own artificial intelligence solutions in certain applications, aiming to enhance its software offerings. This strategic shift underscores Microsoft’s commitment to developing proprietary AI capabilities and reducing reliance on external partners. The move reflects growing competition in the AI sector as companies strive for greater control over their technologies.