00:59 — Saudi surprises, NEOM shrinks, Vision 2030 = Europe takes notes.
02:58 — Europe: zero vibes, zero mission.
03:55 — War bonds?! Saudi winter games postponed. Reality intrudes.

🤖 AI Corner

07:32 — Clawdbot → Moltbot now OpenClaw?! AI intern… with admin rights.
09:19 — Early wins: negotiates car deals, plans diets, orders Tesco shops.
10:38 — Early fear: unconstrained agents + inbox access = mild terror.
12:22 — It wakes itself up and takes action. Cool. Also horrifying.
13:17 — Security stories emerge. Nobody gives it their bank login (yet).

💰 AI Mega-Rounds

14:19 — SoftBank doubles down on OpenAI. Masa swings hard. Again.
16:06 — Anthropic: hotter growth, $20bn round chatter, IPO whispers.
16:50 — OpenAI ads incoming. Users threaten to… switch? Maybe.

🧠 China Swarms

18:01 — Moonshot drops “Swarm” models: 100 agents, one brain.
19:34 — Parallel thinking = faster, not cheaper. Tokens go brrrr.
20:55 — Open source as geopolitical side-eye.

📊 Earnings Season

21:40 — ASML prints money: AI capex not slowing, China still ~20%.
23:05 — Memory beats logic: HBM crunch, chipmakers fully booked.
25:38 — Meta vs Microsoft: ads + AI good, capex + slowing Azure bad.
26:44 — Tesla: sales, “physical AI” story saves the stock.
30:22 — Klarna –30%: credit nerves. Everyone shrugs.

🇪🇺 Europe, Again

32:19 — “United States of Europe?” Telegraph panics. Reality unimpressed.
35:15 — Europe only moves when scared enough. Not there yet.
39:35 — Integration: go wide, go deep, or argue forever.
43:05 — Starmer in China: finance, vibes, low expectations.
43:21 — EU–India deal > UK deals. Market size still matters.

🪖 Defence

45:49 — Europe rearms: drones, satellites, ISR, startups rejoice.
51:21 — US spends ~$900bn; Europe debates what it actually needs.
53:09 — Bull case: Ukraine = Europe’s defence tech lab.

📱 Society

54:23 — Social media bans for kids: messy science, real concern.
56:47 — US sues, EU regulates. Meta lawyers busy.
59:21 — Design-choice lawsuits = tobacco vibes.

🧾 Deals

1:01:34 — UK plans to train 10m people in AI. Ambitious. Necessary.
1:03:12 — Deal of the Week: Sword Health buys Kaia for $285m.
1:04:24 — Synthesia hits ~$4bn. Regret levels spike.
1:04:45 — Wrap. Brains emptied. See you next week.