Sept 2024 News: Intel Halts €30B Fab, Magic AI's $320M

Intel pausing its €30B Magdeburg chip fab headlines this September 2024 roundup on Europe's tech ambitions and setbacks — weighed against fresh momentum in European AI, including Magic AI's $320M raise. With Jörn “Joe” Menninger.

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Why this episode matters: A major infrastructure retreat beside AI momentum captures Europe's uneven tech moment. This roundup weighs the setback against where capital is still flowing.

In this episode, we cover:

• Intel's paused €30B Magdeburg chip fab
• Magic AI's $320M raise
• Fresh momentum in European AI
• What the retreat means for Europe's chip ambitions
• The month's other standout moves

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