Has AI Hit Its Glass Ceiling? Quantum IPOs at 500x Rev?! & Siri Goes Google!

Upside is a weekly show that looks behind the headlines that will affect European venture, start-ups and investing.

On the show this week:

3:03 — SpaceX IPO day: pop, flop or nothing-burger?
7:16 — OpenAI files for IPO — own OpenAI at $1tn or Anthropic at $965bn?
9:50 — Bending Spoons files for Nasdaq: Europe's app-Berkshire
14:01 — ECB's first hike since 2023, and Iran
14:35 — European Quantum Week: inside OQC's £260m round
24:45 — Quantum sensing: navigation without GPS
31:08 — Fable & Mythos: Anthropic's new model and the AI glass ceiling
41:30 — AI safety, ENISA and CADA: the European sovereignty angle
46:17 — Lumen Sovereign: Britain's first sovereign frontier model
54:55 — UK AI Hardware Week: the £1.1bn plan & the Playground Global cheque
1:05:50 — WWDC: Siri reborn with Google Gemini under the hood
1:06:58 — Deal of the week: ICEYE (Finland)
1:07:56 — Deal of the week: Neura Robotics (Germany)
1:10:30 — The week ahead: SpaceX trades, Bending Spoons, AI Act loosening, Accenture

This week's guest Callum Stewart — Investment Principal, Bullhound Capital
Hosts Mads Jensen (SuperSeed) & Andrew Scott (7percent Ventures)

Links & sources

Quantum
OQC Series C: https://oqc.tech/company/newsroom/series-c
BBB £100m into OQC: https://www.british-business-bank.co.uk/news-and-events/news/british-business-bank-commits-ps100m-oxford-quantum-circuits
Quobly €115m Series A: https://www.quobly.io/press-releases/quobly-secures-e115-million-series-a-to-bring-silicon-based-quantum-computers-to-market
IQM upsized PIPE: https://thequantuminsider.com/2026/06/02/iqm-and-real-asset-acquisition-corp-announce-upsized-146-million-pipe-with-new-commitment-from-ilmarinen/

Anthropic — Fable & Mythos
https://www.anthropic.com/news/claude-fable-5-mythos-5
https://techcrunch.com/2026/06/09/anthropics-claude-fable-5-is-a-version-of-mythos-the-public-can-access-today/
https://the-decoder.com/anthropic-releases-claude-fable-5-and-mythos-5-with-major-gains-in-coding-and-science/
ENISA / Mythos access: https://thenextweb.com/news/anthropic-mythos-eu-enisa-cybersecurity-access

Lumen Sovereign
https://cosine.sh/blog/building-lumen-sovereign-uk-industry-coalition
https://tech.eu/2026/06/08/cosine-secures-industry-backing-for-britain-s-first-sovereign-frontier-model/

UK AI Hardware Week
Gov £1.1bn plan: https://www.gov.uk/government/news/a-decisive-shift-to-power-british-ai-new-11-billion-plan-to-back-chip-firms-boost-computing-power-and-skills-for-the-ai-revolution
BBB / Playground Global: https://www.british-business-bank.co.uk/news-and-events/events/silicon-valley-deeptech-vc-playground-global-launch-uk-support-british-business-bank
AMD up to £2bn: https://ir.amd.com/news-events/press-releases/detail/1288/amd-commits-up-to-2-billion-to-accelerate-ai-innovation-and-research-in-the-united-kingdom

WWDC / Siri
https://www.apple.com/newsroom/2026/06/apple-unveils-next-generation-of-apple-intelligence-siri-ai-and-more/
EU rejects exemption: https://www.techtimes.com/articles/318136/20260610/eu-rejects-apple-siri-ai-exemption-commission-says-dma-never-blocked-launch.htm

Deals of the week
ICEYE €450m: https://tech.eu/2026/06/09/iceye-raises-eur450m-at-eur10b-valuation-as-demand-for-sovereign-space-intelligence-accelerates/
Neura Robotics: https://www.ft.com/content/237f10c2-b2b2-490b-bec1-8864e0a22772