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Chip Cooling Startup Corintis Raises $24 Million, Adds Intel CEO Lip-Bu Tan to Board

Swiss startup Corintis, which develops advanced liquid cooling systems for semiconductors, announced it has raised $24 million in a Series A round and added Intel CEO Lip-Bu Tan to its board. The move comes as demand surges for efficient cooling solutions amid the AI-driven boom in high-power chips.

Corintis, based in Lausanne, was valued at about $400 million after the latest funding, a source told Reuters. The company’s technology has already been tested by Microsoft, a customer, which found it up to three times more efficient than conventional cooling systems.

Unlike traditional air-based systems—or most liquid cooling solutions that only draw heat from a chip’s surface—Corintis uses microscopic liquid channels etched inside the chip itself, allowing for more efficient heat removal while reducing power and water consumption.

The company designs its cooling systems using software automation and produces cold plates—metal blocks that transfer heat from chips into circulating liquid—in Europe. These can serve as drop-in upgrades for existing setups or be integrated directly into new chips.

“Right now we are able to produce around 100,000 cold plates per year. Next year we are ramping up to around 1 million,” co-founder and CEO Remco van Erp said. He launched the company in 2022 alongside COO Sam Harrison and another co-founder after spinning out of Lausanne’s Federal Institute of Technology.

The $24 million round was led by BlueYard Capital, with participation from Founderful, Acequia Capital, Celsius Industries, and XTX Ventures. Including earlier funding, Corintis has now raised $33.4 million.

Corintis also appointed Geoff Lyon, founder and former CEO of liquid-cooling firm CoolIT, to its board. Lip-Bu Tan joined as a director before becoming Intel’s CEO in March, and also serves as chairman of venture capital firm Walden International.

The new funds will support team growth—expanding to 70 employees by year-end from 55 today—scaling up manufacturing, and opening U.S. offices to be closer to major customers.

EU Presses Apple, Google and Microsoft on Efforts to Combat Financial Scams

European Union regulators have asked Apple, Google, Microsoft, and Booking.com to detail the steps they are taking to prevent their platforms from being used for financial scams, highlighting growing concern over the rising cost of online fraud.

The inquiry falls under the Digital Services Act (DSA), the EU’s sweeping legislation that requires major tech companies to take stronger action against illegal and harmful online content.

“Today, we sent requests for information, under the DSA, to Apple, Booking.com, Google and Microsoft on how they identify and manage risks related to financial scams,” EU tech chief Henna Virkkunen wrote on X.

Virkkunen warned that online fraud has become easier than ever to launch, frequently leading to significant financial losses for consumers. She noted that scams such as fake hotel listings, fraudulent banking apps, and deepfake videos of public figures promoting false investments cost Europeans more than €4 billion ($4.7 billion) each year.

Authorities worldwide have also raised alarms that AI tools could make scams like phishing and fake investment schemes more convincing and harder to detect.

The EU’s probe underscores its heightened scrutiny of Big Tech’s responsibilities in protecting users against financial crime.

Microsoft Adds Anthropic AI Models to 365 Copilot, Expanding Beyond OpenAI

Microsoft announced on Wednesday that it is integrating Anthropic’s AI models into its Copilot assistant, marking a strategic move to diversify beyond its close partnership with OpenAI, the maker of ChatGPT.

While OpenAI’s models will continue to power Copilot by default, users will now be able to choose Anthropic’s Claude Sonnet 4 and Claude Opus 4.1 for tasks within Copilot’s “Researcher” tool and when building custom agents in Microsoft Copilot Studio.

Starting this week, users who opt in to test Claude will be able to switch seamlessly between OpenAI and Anthropic models in Researcher, said Charles Lamanna, president of Microsoft’s business and industry Copilot division.

The shift underscores Microsoft’s effort to broaden the foundation of its AI services. Until now, Copilot’s advanced features across apps such as Word and Outlook have relied primarily on OpenAI.

Although Microsoft is OpenAI’s largest investor, the company has also been developing its own models and integrating those from other AI firms. Earlier this year, it announced plans to offer models from Elon Musk’s xAI and Meta Platforms, all hosted within its data centers. Models from China’s DeepSeek have also been added to Microsoft’s Azure cloud platform.

Anthropic’s Claude models, however, are primarily hosted on Amazon Web Services (AWS), a direct competitor to Microsoft Azure, highlighting a rare cross-cloud collaboration.