Sequoia Leaves London - Voters Leave Data Centres - Notaries Leave Umm, Nothing
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Upside is a weekly look behind the headlines, where we connect the dots affecting European venture startups and investing.
I took one week off and they handed Lomax the keys. Mads, Pri and Andrew keep him company. Mads opens by confessing to two crimes, one against economics and one against Canada. Then the Nasdaq has its worst day in years.
01:41 Sequoia quits London. Andrew: "nothing to see here, move along"
08:18 Midterms: Democrats take both houses, voters reject data centres in 40 of 41 local ballots, and the neoclouds get shredded
17:00 EU Inc meets the notary lobby. Guess who's winning
26:36 The UK publishes seven AI principles. Principles. Seven of them
31:27 Revolut swaps Claude for a self-hosted Chinese model and cuts AI costs 10x. Mads has tens of thousands of tests and a different view
35:24 Hackers warm up Europe's supermarket freezers. Your fridge is now a computer, and computers need patching
39:38 Walmart spends billions on robots that look nothing like people. Meta builds one that does
44:51 AI Corner: Anthropic's amended S-1, $900bn of compute commitments, and "very close to RSI." Mads underwrites $2tn
50:02 Deals of the Week: Fractile, Lumirel, Hypersonica
Not investment advice.
Mostly not advice of any kind.