In the eye of the storm: The role of AI in a changing world order
Dec 19, 2023
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Torsten Reil, Co-Founder & Co-CEO of Helsing, and Caroline Daniel discuss leading the charge in AI, challenges in the defense industry, ethics in battlefield situations, AI regulation, human oversight in AI systems, and the current landscape of AI investments.
AI spending is projected to reach $200 billion by 2025, indicating its commercial potential and impact on the stock market.
European defense AI startups face challenges but have the opportunity to become successful companies by developing sovereign capabilities in defense AI.
Deep dives
AI Bubble and Commercial Potential
The speaker draws parallels between the AI bubble and the dot-com bubble, highlighting the commercial potential of AI. Forecasted spending of $200 billion on AI by 2025 and the rise of AI companies impacting the stock market are discussed.
Geopolitical Shifts and Starting a Defense AI Company
The geopolitical landscape and concerns about defense led the speaker to start a defense AI company in 2021. The changing attitudes of China and Russia, as well as a lack of software talent in defense, influenced this decision.
Investment Landscape and Challenges
The speaker explains that European VCs were hesitant to invest in defense AI, leading the company to raise seed funding from individuals, family offices, and funds. Despite challenges, they were able to secure significant investment and become Europe's largest AI company.
The Future of Defense AI and European Sovereign Capabilities
The speaker highlights the need for Europe to develop sovereign capabilities in defense AI. They emphasize the opportunity for European founders to be ambitious and build successful companies in various sectors, including defense and robotics.
Defence AI startup Helsing, recently broke the record for European AI, raising a $223M Series B. In this episode, we welcome Torsten Reil, Co-Founder & Co-CEO of Helsing together with Caroline Daniel, former Editor of the Financial Times and Partner at Brunswick Group for an in-depth discussion on leading the charge in AI, separating hype from reality and its impact on society.
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