Rising
Tech

Technology no longer has a single address. The frontier that was once concentrated in a handful of places is now being built in parallel across continents, in defence and robotics, in foundation models and finance, by companies that raise capital in one jurisdiction, hire in another and answer to regulators in a third.

This issue examines that shift through the people shaping it: the founders, their investors, the bankers taking them public, the policymakers writing their rules. Many of them sit in Europe, where the change has been sharpest and where our own vantage point lies, but the tensions they describe are not regional: sovereignty against openness, speed against regulation, national interest against markets that stopped respecting borders long ago.

What emerges is less a verdict than a set of open questions, published in the belief that better questions yield better answers.