1. AI is not a bubble. It is the largest capital reallocation of our lifetime. We are entering an infrastructure supercycle across compute energy and data and we are still early. 2. The internet is being rebuilt for machines. From browsing to asking, from clicking to doing. Agents, not users, will define usage and demand. 3. Agents don't click. They execute. UI is legacy. APIs are distribution. As agents outnumber humans online, power shifts from interfaces to agent-native systems. Execution replaces attention as the primary battleground. 4. In AI, Europe's edge will be trust, not intelligence. Data protection, sovereignty and open source are not obstacles, they are infrastructure and create a structural advantage for defensible AI systems. 5. Finance is becoming programmable and agent-native. Stablecoins, real-world assets, and onchain markets, combined with institutional adoption, create a perfect storm for autonomous capital and agent-driven trading. 6. Non-engineers become CTOs. When everyone can build, everything gets built. The bottleneck was never the idea. It was the build. AI removes it. What follows is an explosion of founders, products, apps and companies the world has never seen. 7. Robotics is AI's real endgame and it scales itself. Once machines design, build, and deploy machines, growth decouples from human labor entirely. We are entering the first era of self-compounding physical GDP.