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Kai Steinecke

Oct 22, 2026

8:10
It's the numbers.
8:10
How much capital do you need? What do you get in return? And how do business models look like? Because obviously, yes, throw AI into everything and it will be scalable and stuff like that.
8:20
But investors are scrutinizing these models harder than we are, for example.
8:27
And I think it's always like a signal if the capital isn't coming in as quickly as investors need it.
8:33
But for example, The Neurorobotics that we just talked about, they just had a funding round of 1.4 billion US dollars, like a seeding round.
8:42
And they said, well, we can absolutely live comfortably with that and we don't even need to go public in the foreseeable future to fund all the stuff that we need to fund.
8:52
If we talk about defense sector, of course, not going to save the German economy, but at least it's putting jobs on the table.

15 MINS LATER

24:09
If you had to take a look at the overall picture, what would you say do recent political developments mean for competitiveness, German competitiveness?

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