At last, reasons to be cheerful about European tech

One of which is Donald Trump

The decor at Lovable’s office in Stockholm suits the startup’s cosy name. Lovable, which specialises in “vibe-coding”—prompting an artificial-intelligence system to make software—has a shoes-off policy. The smell of Swedish coffee pervades the air. Heart-shaped cushions bearing the firm’s logo rest atop comfy sofas.

This article appeared in the Business section of the print edition under the headline “Breeding Eunicorns”

From the March 7th 2026 edition

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And startups are piling in with whizzy new technologies

Big tech is sacrificing its cashflows to prop up the AI boom

The result is increasingly unsettling

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