AI is impressive, but not yet world-changing. The real shift comes next with quantum computing.

In this EUVC episode, ⁠Andreas Munk Holm⁠ speaks with ⁠Andy Leaver⁠, CEO of ⁠Arqit⁠ and Operating Partner at ⁠Notion Capital⁠.

They discuss why many European startups struggle to scale beyond €10 million to €30 million, why enterprise AI adoption remains experimental rather than immediate, and how quantum computing is set to redefine security and infrastructure.

The conversation also covers data sovereignty and the growing risk of “harvest now, decrypt later”.

Key highlights

Most startups fail scaling from €10M to €30M
AI is impressive, but not yet world-changing
Enterprises are slow to adopt AI despite the hype
Quantum could break current encryption within years
The real breakthrough is AI + quantum combined

Timestamps

(00:00) Intro and Andy Leaver’s background

(05:30) Scaling lessons and the €10M to €30M challenge

(08:45) AI and SaaS: are the rules really changing?

(11:30) Enterprise AI adoption and experimental phase

(14:00) Shadow AI and enterprise risk

(17:00) Security, data sovereignty, and quantum threats

(26:30) AI today vs AI + quantum future

(35:30) Investing in quantum and the one-person billion-dollar company idea

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Andy Leaver, Arqit: AI Isn’t the Disruption Yet. Quantum Unlocks What Comes Next

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