AI demand is surging, but infrastructure is the constraint, with memory now the key bottleneck.

In this episode of This Week in European Tech, Dan Bowyer and Mads Jensen of SuperSeed explore a range of topics such as AI constraints, Big Tech earnings, monetisation, geopolitics, Europe’s position, and what capital flows into AI labs and SpaceX signal about what comes next.

Key highlights

AI growth is constrained by memory and infrastructure
Monetisation is accelerating as models use more tokens and cost more
AI is a geopolitical battleground, with control over talent and IP
Europe shows momentum, but regulation could hold companies back
Performance gains are increasingly driven by application scaffolding

Timestamps

(00:00) Introduction and opening headlines

(04:20) Big Tech earnings, cloud growth and AI demand

(07:30) Memory as the emerging AI bottleneck

(11:40) Frontier labs, Musk vs Altman and Manus

(14:00) US–China dynamics and export controls

(17:10) Ineffable, Recursive and Europe’s AI push

(20:00) Frontier model releases and AI monetisation

(25:00) SpaceX IPO, valuation and space compute

(30:00) EU AI Act and UK AI strategy

(34:30) Energy and infrastructure constraints

(41:00) Predictions and deals of the week

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AI Is Hitting Constraints: Memory, Power and Geopolitics

EUVC

AI Is Hitting Constraints: Memory, Power and Geopolitics