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EUVCAuthor: The European VC
EUVC is your go-to podcast for everything European VC. Co-hosted by Andreas Munk Holm and David Cruz e Silva, EUVC features some of the most prominent people from the European VC industry, giving you a fresh new perspective on the industry and geo we love. Follow us and stay in the loop with everything European VC on eu.vc Language: en Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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E695 | This Week in European Tech with Dan & Mads (feat. Sam Marchant)
Sunday, 15 February, 2026
Welcome back to another episode of Upside where Dan Bowyer, Mads Jensen of SuperSeed and Lomax Ward of Outsized Ventures go behind the headlines shaping European tech, capital, and power.This week is an AI-heavy sprint with a guest who’s right in the Gulf capital flow: Sam Marchant. Anthropic’s monster round is the headline, but the more interesting story is underneath: enterprise AI is becoming workflow-sticky, while OpenAI feels like it’s drifting toward consumer monetization experiments.Then we get into the “AI productivity” paradox: why generative tools aren’t giving us leisure, they’re giving us more output… and more work. From there: Alphabet’s 100-year bond and what it says about tech becoming a utility, plus the uncomfortable European angle — our savings funding US hyperscalers while we debate sovereignty.Finally, Europe sovereignty vibes: Mistral’s enterprise ramp, the 28th regime rhetoric, and whether political systems can actually execute. We close with space: Orbex collapsing, “data centers in orbit,” and why maybe civilization needs billionaires burning capital on high-variance cathedral projects.This is Upside, where optimism is earned, not assumed.ShareWhat’s covered:00:21 Anthropic’s $30B: why the market can’t stop throwing money at enterprise AI03:42 The real shift: OpenAI → consumer/ads vibes, Anthropic → coding + enterprise execution04:50 Gulf capital dynamics: OpenAI relationships vs QIA showing up in Anthropic07:21 Claude vs ChatGPT: switching costs are collapsing… until workflows become the moat10:54 HBR’s “AI intensifies work”: why productivity becomes pressure, not leisure12:19 Autonomy + mastery + dopamine: AI as the ultimate short feedback-loop machine13:25 Practical use cases: research across languages, idea stress-testing, “AI as a first hire”22:05 Alphabet’s 100-year bond: tech is now priced like infrastructure24:51 The pension problem: Europe’s savings financing US scale while Europe underfunds Europe32:44 Europe’s GDP gap is a tech gap: productivity isn’t the issue, tech scale is39:51 Mistral’s enterprise ramp: sovereign AI or local services + transformation advantage?45:37 The 28th regime: big words, hard execution — can Europe actually push reform through?50:32 Space data centres: PR-on-steroids or physics-defying inevitability?53:07 Orbex collapses: why “mid-sized countries” can’t win launch alone55:20 Fusion/quantum: Europe’s deep R&D edge, blocked by capital markets structure56:25 Deal of the week: Olex’s $1B+ moment and Europe’s chip-shaped ambition
