How the AI boom mirrors the frenzied rise of the internet – Anne Glover, CEO, Amadeus Capital Partners

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5 • 6 Ratings

🗓️ 20 May 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Anne Glover, co-founder and CEO of Amadeus Capital Partners, discusses the ways that the tech investment scene has changed since her firm launched in the late 1990s, how tech started as a niche sector but has since started to encompass everything, why AI hype is valid but there's more to it than just generative AI, and what the UK needs to do to shake its history of not scaling tech companies like the US can.

Glover co-founded Amadeus Capital Partners in 1997 alongside Hermann Hauser. The firm generally backs deep tech firms, with major portfolio companies including Graphcore, Improbable and Oxford Nanopore Technologies. Glover discusses how the firm these days is particularly keen on areas including quantum computing, health tech and cybersecurity.

Transcript

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0:00.0	So I think the internet boom and the AI current boom are very similar in the sense they're booms because they've reached consumer consciousness, but they actually have a long ramp of evolution before they got there.
0:24.6	Generative AI is just only one type of creative AI.
0:30.6	There's lots and lots of others that already work all the time.
0:36.6	We've sold our that already work all the time.
0:45.0	We've sold our new generation companies too early, frankly.
0:48.7	We're very good at starting companies.
0:51.9	We don't have the capital to scale them.
1:04.6	From the first-time founders to the funds that backed them, innovation needs different.
1:12.2	Our episode partner, HSBC Innovation Banking, is proud to accelerate growth for tech and life science businesses,
1:18.7	creating meaningful connections and opening up a world of opportunity for entrepreneurs and investors alike.
1:31.4	Discover more at www.h.hsbc Innovationbanking.com slash E.m dash GB. Hello and welcome to the UKTM podcast, a weekly chat with the movers and shakers of the UK
1:37.3	tech industry and the destination for all things UK tech related.
1:42.1	I am your host, Jane Wakefield, and joining me this week is Anne Glover,
1:45.7	the co-founder and CEO of Amadeus Capital Partners, a venture capital fund that invests in
1:51.2	European high-tech firms. Welcome, Anne. Welcome. Thank you for having me. Now, you co-founded
1:57.3	Amadeus in 1997, so I'm going to roll back the tapes of history.
2:05.0	What was the tech scene like there?
2:06.6	What were you investing in back then?
2:08.9	Well, you've got to remember that this was the early days of two phenomenal trends,
2:16.3	the internet and mobile.
2:19.1	And so we'd come out of this awful early 90s recession in the UK,
2:26.2	and Netscape had just floated in 95 on NASDAQ.
	...

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