We’ve raised $320M at an $11B valuation, led by Addition. AI is changing how companies are built. Teams are smaller, global from day one, and using agents more. We’ve spent 10 years building the financial rails for that world. We’re now building the intelligent layer on top.

Center Parcs was founded by a Dutchman in 1968 Now their European parks are being sold to Mubadala (the Abu Dhabi government) for €1 billion Dutch idea, French operator, but soon to be owned by a random sheikh Tourism is one of Europe’s last genuinely competitive industries But even this is being sold off I call it the Kensington-ification of Europe, since Kensington already is an enclaved Gulf State within London Our continent is for sale... Meanwhile the only foreign influence Eurocrats like @vonderleyen are concerned about are Russia and @elonmusk

Keir Starmer is finally banning X for children under 16. This is a good first step to eventually ban it for everyone. Controlled speech is the only way we can have a civilized society. Have a wonderful day, Wolfgang

Let Europe classify ASML as a EU security concern and limit sales to EU only. Then see how many chip companies will settle in Europe immediately. It’s the last chance. My guess is ASML will be bought asap from a US or Chinese tech company, losing Europes most valuable AI company.

“Hire me! I'm a great senior engineer (code monkey)” Hard pass. Finance bro relying on his “quant guy”? Harder pass. LLMs will out-do the best engineers and quants. That is the bare minimum. I want people obsessed with the problem, not the code. If you’re obsessed with credit, derivatives, real estate, or portfolio optimization, this tweet is for you. We’re building the most AI-native investment team on Earth. Not a fund though. I’m not sharing the who or what yet, but here's what I can say: you’ll be investing billions of dollars in your twenties, including all my proceeds from the Capital One acquisition. A few warnings: - 996 is easy. Here it’s closer to 8am-10pm-7 days a week. Don’t worry, I’ll be in the office before you arrive and after you leave. -We pay really well, but we expect even more. You’ll feel overpaid compared to your friends and underpaid compared to how much we expect. And let’s be honest: nobody gets rich out of bonuses. Real generational wealth is built through tax-deferred equity. - We expect first-principles thinking for everything. And I mean everything. If someone asks you why you’re doing something in this way, “because this is how we did it at my last firm” is not an acceptable answer. - We expect you to be full-stack. From vision, to building to execution. There is no “support”. If you can't use claude code to support yourself, then wtf are you even doing? - You’ll be expected to master complex concepts in a matter of days. - We will pair you with industry veterans so you can leverage their experience. Don’t fuck it up. Roles we’re hiring for: - Credit/Fixed income lead - do you think that emerging-market banks bonds provide a great risk reward, but most American investors are scared of it? Talk to us. - Real estate lead - are you up-to-date on all the new maps for OZs and have no patience for trophy assets that don’t have great after-tax yield? Talk to us. - Derivatives lead - You're able to represent any view by stacking the right structured payoffs? Talk to us. - Equities lead - You like stock picking? Save your energy. You deeply understand how risk models work from first principles, how optimizers are god’s gift to humanity and how every stock pick is never good or bad, it's just part of a portfolio? Talk to us. - Quant infrastructure lead - You’re obsessed with finding specific signals to generate alpha? Save your energy, Citadel is a better spot. You’re into building infrastructure to test new strategies, manage risk and optimize portfolios? Talk to us. If you think you’re a good fit, email me at henrique@sharpe.com answering the following question: What about the investment process in the asset class you have the most experience with will most materially change with AI and why? Happy memorial weekend :)

Most valuable AI startups in Europe 🇩🇪 Aleph Alpha - $20B 🇫🇷 Mistral AI - $14B 🇩🇪 Celonis - $13B 🇩🇪 Helsing - $12B 🇫🇷 Poolside AI - $12B 🇵🇱 ElevenLabs - $11B 🇮🇹 Bending Spoons - $11B 🇬🇧 Wayve - $8.6B 🇸🇪 Lovable - $6.6B 🇸🇪 Legora - $5.5B 🇫🇷 Hugging Face - $4.5B 🇬🇧 Synthesia - $4B 🇬🇧 Isomorphic Labs - $3.5B 🇩🇪 Black Forest Labs - $3.25B 🇩🇪 AI-Vortex - TBA 🇩🇪 Parloa - $3B 🇬🇧 Quantexa - $2.6B 🇩🇪 n8n - $2.5B 🇩🇪 DeepL - $2B 🇳🇱 Framer - $2B 🇳🇱 Wonderful - $2B 🇬🇧 AutogenAI - $1.8B 🇫🇷 Owkin - $1.2B 🇮🇪 Tines - $1.1B 🇬🇧 PhysicsX - $1.1B 🇬🇧 Tractable - $1.1B 🇫🇷 Harmattan AI - $1B 🇬🇧 Stability AI - $1B 🇫🇷 Pigment - $1B 🇳🇱 Datasnipper - $1B 🇱🇹 Cast AI - $1B Source: Kenneth Kather

Stablecoins are not an efficient way to strengthen the international role of the euro, says President Christine @Lagarde. The best solution remains deeper capital market integration through the savings and investment union and a stronger safe asset base