Welcome back to another episode of Upside at the EUVC Podcast, where ⁠Dan Bowyer, ⁠Mads Jensen of ⁠SuperSeed⁠, and ⁠Lomax Ward of ⁠Outsized Ventures⁠ unpack the headlines reshaping European venture.

This week, the trio dives into the UK’s blink-and-you-miss-it exit tax, China’s rising open-source AI threat, hyperscaler accounting drama courtesy of Michael Burry, Europe’s supply-chain vulnerabilities — and why kill switches might soon matter as much as CapEx.

Here's what's covered:

• 08:42 The enterprise AI “nothingburger”: why progress is slower than adoption claims.
• 10:31 Nexperia: Europe’s dependence on Chinese chip packaging exposed.
• 11:55 The four–six week fragility window in Europe’s automotive supply chain.
• 13:47 EU formalises 5G vendor bans — the €3B Huawei/ZTE rip-out begins.
• 17:12 Dan vs. Alex Karp: “word salad” or visionary govtech architect?
• 20:34 Palantir’s privacy architecture: why governments keep choosing them.
• 23:28 Markets wobble: Nvidia leads the downturn; Apple stands alone.
• 28:14 Hyperscalers’ depreciation trick: why Michael Burry calls fiction.
• 35:12 Anthropic cyber incident: Claude “jailbroken” via social engineering.
• 38:27 Chinese kill switches in European buses — and what comes next.