Four signals — €63.2M, Mythos warning, Pomelli, Tech.eu

On Monday, the European Commission opened €63.2 million in fresh funding across seven calls under the Digital Europe Programme. The calls target AI applications in healthcare, digital health systems, advanced digital skills training, online safety and integrity, and regulatory compliance tools.

Call deadlines are set for October 1, 2026. The timing is deliberate: the EU is saying to researchers, startups, and healthcare providers that the funding is available now, even as the Omnibus trilogue takes place in six days and Parliament, Council, and Commission debate which AI systems require what level of oversight.

Joachim Nagel, President of Germany’s central bank, warned on Monday that frontier AI systems pose a new cybersecurity risk to Europe’s financial infrastructure. His specific concern: Anthropic’s Mythos model, which he described as possessing unusual capability in identifying and exploiting software vulnerabilities.

Nagel framed the risk as a “double-edged sword” — the model could strengthen banking defenses, but it could equally be weaponized. The warning signals that European financial regulators are now watching specific frontier models, not just AI regulation in the abstract.

Pomelli, Google’s free AI marketing tool from Google Labs, launched today across 30 countries in the European Economic Area, plus the United Kingdom, Switzerland, and Norway. The tool scans a business’s website to build a “Business DNA” profile, then generates tailored social media campaigns, product photography, and ad creative.

The rollout puts Google in direct competition with European-favored tools like Jasper and Copy.ai, and it does so exactly as the EU’s AI Act enters enforcement phase. Google must navigate GDPR compliance and AI Act transparency requirements as it scales across Europe’s SMB market.

The Tech.eu Summit London 2026 opened Monday at the Queen Elizabeth II Centre with the most AI-saturated agenda in the conference circuit. Over two days, founders, investors, and operators hear from OpenAI, NATO Innovation Fund, Morgan Stanley, Mastercard, and Notion Capital on building defensible AI businesses and scaling European deep-tech ventures.

The timing reflects a shift in operator sentiment: less interested in regulatory debate, more focused on building products that survive beneath whatever ruleset the Omnibus creates. Sessions cover AI-native business models, exit dynamics, and how European founders can compete with US and Chinese capital.