Europe has no shortage of start-ups, and venture capital generates high returns on the continent. However, there is a lack of money to scale young companies, says tech investor Hermann Hauser. And he reveals what the most promising new technology is.
Steeply down, then slightly up again. That’s how prices on the world’s stock markets have recently moved. Tech stocks in particular have plummeted. Although the hype surrounding artificial intelligence (AI) had previously lifted them to great heights. Are expectations of the technology, which is supposed to bring a massive productivity boost in almost all areas, perhaps a little exaggerated? “It is often the case that there are great expectations at the beginning, but then there are valleys,” says Hermann Hauser in an interview with the “Presse”: “In the long term, AI is a technology that will bring us very lucrative productivity increases,” says the Tyrolean, who sees the recent market movements as only a temporary dip.
Hauser is not a stock market expert, but as a serial entrepreneur and investor he knows the world of start-ups and technological innovation inside out. The tech company Arm, which he co-founded, is now worth more than 100 billion US dollars on the stock market. The physicist with a doctorate has also been an investor and venture capitalist for more than 20 years.
