The Biggest Tech Co. You’ve Never Heard Of - FTSE Beats S&P, Psychedelics Are Back & CES AI Corner

Hosts: Dan Bowyer, Lomax Ward, Mads JensenEpisode summaryThis week we cover Trump’s Greenland rhetoric and the broader implications for NATO, European defence spending, and sovereignty. Then we dive into the tech and markets that (quietly) moved: Meta’s acquisition of Manus, Octopus/“Kraken” spinning out as a major energy-software player, Discord’s IPO momentum, Revolut’s Turkey expansion via license acquisition, and why UK pensions are underperforming (plus what reform could actually fix). We finish with a big CES-driven AI corner—Nvidia’s autonomous-driving stack “Alpamayo,” the China compute/memory bottleneck, AMD vs Nvidia software moats, Grok’s enormous fundraise, and why Claude Code is showing up even inside Google.Topics 00:37 OpenAI “Health ChatGPT” launches (not in Europe) — what’s the deal? 02:26 FDA signals faster AI regulation: “move at the speed of Silicon Valley” 08:10 Trump + Greenland: history, Thule, and where’s the grift? 11:29 Pax Americana cracks 16:10 France: ban social media under-15s 18:21 EU regulation vs US deregulation: wedge widens 21:06 Meta buying Manus 22:27 Kraken (Octopus) spinout: big UK tech hiding in plain sight 25:02 IPO watch: Discord momentum + how it monetises 26:15 Revolut → Turkey via FUPS: buying access and licenses globally 29:19 UK pensions: underperformance + pushback on forced private allocations 31:57 Why pensions underperform 39:09 German dentists pension lawsuit + “shrimp farm VC” cautionary tale 40:27 Markets: FTSE hits 10,000 + quietly outperforms S&P 43:15 Biotech rebound + psychedelics 47:02 CES 2026...  48:05 Nvidia’s “Alpamayo”: full autonomy stack + open models/data 50:34 Nvidia vertical apps vs chips: execution risk outside core semis 52:07 China + H200s: memory bottlenecks and geopolitics of compute supply 53:20 AMD vs Nvidia: the CUDA/software moat 54:35 Grok raises: $20B at $230B 56:44 Claude Code: adoption even inside Google 57:25 Deals of the week: Faculty exit to Accenture 59:47 Biographica raises to build next-gen crop techNotable moments / quotables“The only people using cash or violence to negotiate are mobsters.” (12:32)“It’s super easy to get autonomy to 99%… the last 1% takes 10 years.” (48:52, referenced)“Much better to pay 2% to deliver 15% than 0.1% to deliver 1%.” (30:25)Deal of the weekLomax: Faculty reportedly sold to Accenture (UK AI/enterprise decision intelligence)Dan: Kraken spun out of Octopus Energy (energy metering + grid/flows platform)Mads: Biographica raises to build technology for next-gen, more resilient crops