The Future of AI: A European Dream or Global Reality? (2026)

A bold European dream faces a harsh financial reality check. Bernardo Kastrup, a man of many talents and experiences, finds himself at the helm of Euclyd, a startup with a mission to revolutionize AI computing. But beneath the ambitious rhetoric lies a deeper frustration and a quest for answers.

"I looked around and asked: Who allowed this to happen?" Kastrup's journey began when he noticed Europe's lack of initiative in developing next-generation silicon for AI. He saw world-class researchers and advanced chip equipment, yet no serious attempt to compete with the giants of the industry. This realization sparked a sense of responsibility, and he set out on a stealth mission to prove his idea was worth investing in.

Euclyd's promise is nothing short of extraordinary: an energy-efficient AI inference system, potentially 100 times more efficient than Nvidia's data-center chips. But here's where it gets controversial: Kastrup's dream of a European Nvidia may collide with the harsh reality of global capital.

"The original dream was to do AI in Europe," he admits. "But when you have a business, you have fiduciary duties." Euclyd is raising significant funds, and with that comes the possibility of losing its purely European ownership. Kastrup finds himself navigating a delicate balance between his vision and the demands of the global market.

"I can dream, but I cannot guarantee the dream will become true. I do not control the world," he says. It's a rare admission in a landscape often driven by idealism. Kastrup wants Euclyd to thrive in the global race for compute, but he also wants to maintain its European roots.

The question remains: If the right investors from outside Europe offer the company a chance to compete, should Kastrup sacrifice his dream for the sake of survival? "I will do my best within the boundaries of my position," he states.

And so, the dream persists. Europe's future in AI-compute may hinge not only on Kastrup's brilliance but also on its willingness to adapt and move at a global pace. As Bernardo Kastrup returns to his office, a small test chip holds the potential to reshape AI's energy landscape. The question is, will Europe embrace this future or let it slip away?

The Future of AI: A European Dream or Global Reality? (2026)
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