US Bans Chinese AI? - Hugging Face Hack PR? - What Will Burnham Do Next?

Every week we dig behind the headlines shaping European venture. This week Dan, Mads and Lomax - all early stage European VCs investing in space, resilience, physical AI and deep tech look at a market that's suddenly charging Big Tech for its AI spend, an agentic breach we called back in April, and the one question that decides Britain's future: is there any growth without a return to risk?⏱️ Chapters 01:05 – Check-ins: Proto Town, what is it?01:35 – Quick News: $100 oil, the PayPal/Stripe tie-up, a £74 battery, PitchBook's barbell & Kalanick's $1.7bn Atoms.08:10 – Farnborough's quiet order book, plus Burnham to No.10 and Healey to No.11.09:40 – The bill arrives: markets still charging bigly for AI capex — Alphabet, Tesla, SAP & Intel.14:20 – Humanoids: a Newton moment or an iPhone moment? 21:00 – AI Corner: Kimi K3 vs Fable, the Chinese open-model "ban," the Hugging Face breach & AMD–Anthropic. 31:20 – Deep Dive: If you woke up as PM tomorrow what would you do? The risk-free society and the £10k everybody lost.53:30 – Deals of the Week: Cusp AI, Arrakis & Uber/Delivery Hero.Also: the same week markets punished Alphabet and Tesla for spending, Moonshot shipped Fable-level reasoning at a third of the price, both blades of the squeeze at once. And the Hugging Face breach laid bare the asymmetry every European CISO should fear.For LPs, founders and fellow VCs — knowledge is having the information; wisdom is connecting the dots.👉 Subscribe for weekly European venture, unfiltered.⚠️ This show is not investment advice. The hosts may be invested in the funds and companies featured.