etn. — the European Technology Network — is Europe's daily live technology show. It broadcasts three hours a day from a studio in King's Cross, London, covering European startups, frontier AI labs and technology policy, and streams free on X and YouTube.

etn. is hosted by its co-founders, Luke Knight and Ronan Chambers, who started the show in October 2025.

etn. is live every weekday, Monday to Friday, from 12:00 to 15:00 UK time, followed by long-form guest interviews.

Where can I watch etn.?

etn. streams live on X and YouTube, and full episodes are published as a podcast on Spotify. Watching is free and requires no subscription.

Who has appeared on etn.?

Guests have included former UK Prime Minister Rishi Sunak, the UK's first AI minister Kanishka Narayan, Sequoia partner George Robson, and founders from Synthesia, Legora and Granola.

etn. raised a $1.6 million seed round announced in July 2026, backed by Powerhouse Capital, Axel Springer SE, a co-founder of LADbible, and angel investors from OpenAI and Google DeepMind.

Continental Breakfast

What a time to be live. The main thing happening today is Anthropic pledging 5% of its shares to a new public benefit fund. Live from 12-3 BST here’s your Order of Play plus an Op-Ed from Luke

1:00 PM - Michiel Kotting, Partner at Northzone

1:15 PM - Jakob Foerster, Professor at University of Oxford

What’s Happening Today

Anthropic announced that it is pledging 5% of its shares to a new public benefit fund.

The fund will be used to support nonprofits and initiatives, including those tackling AI's impact on jobs. Its share allocation could also grow by an additional 2% for every 50% increase in the company's value above a set baseline. Anthropic has made it clear that none of these shares will be used for lobbying or political donations, either in the US or overseas.

The fund builds on existing commitments from Anthropic's founders and employees, with its co-founders pledging 80% of their equity when they started the company. Altogether, roughly 20% of Anthropics shares is now dedicated to the public good.

Elon Musk, however, isn't a fan, arguing that Anthropic should "give the shares directly to the public". He later pledged to give one SpaceX share to every child in America next year. With around 72 million children in the US and SpaceX shares closing at $146.03 on Friday, that would cost about $10.5bn, or roughly 1.5% of Musk's stake.

We're getting into all of it on today's show at 12 BST.

Daily Op-Ed — Anthropic's 20% Pledge

Yesterday, Anthropic said it would commit 5% of its shares to a new Public Benefit Fund. At the last priced round ($965B), that initial 5% is worth about $48B (IPO targets of $1.5 to 2T would, of course, increase that). Together with the founders' earlier pledges to donate 80% of their equity and an employee matching programme, the company said roughly 20% of shares would be dedicated to the public good.

Frontier labs are creating huge wealth while the public worries about job displacement. Planning "direct distributions to specific populations" implicitly says that many young people may not be able to earn an independent living through ordinary work.

It's totally reasonable, but the specifics sparked some discourse on the timeline, especially because the fund is a wholly owned LLC, not an independent charity. Anthropic said this gives flexibility for large nonprofit donations and broadly aims to address AI's labour-market effects. David Sacks highlighted the control issue: "You've put 20% of your equity in an LLC. Whether it serves the public good remains to be seen." Elon replied, "I recommend giving the shares directly to the public," and followed through a few hours ago by announcing he would give one of his own SpaceX shares to every child in America next year.

For Anthropic, the remit is deliberately wide, and the LLC structure keeps maximum flexibility inside the company. Coming just before its record IPO, it also addresses scrutiny of the company's social standing.

The main question on the timeline, and the most interesting one, is whether controlled vehicles that keep decision rights with the company are the right way to distribute the upside of transformative AI, or whether broader direct ownership better matches the scale of what's coming. Some commentators on X think this is the beginning of UBI, while others think Anthropic has hit AGI internally and is hedging against the end of human labour as we know it.

See you on the show, where we'll be reviewing this and a bunch of other stories from the weekend.

-Luke

etn. Insight

Niklas Adalberth, Klarna co-founder and founder of Norrsken, came on ETN after 600+ guests and gave us what might be the best introduction we've ever had.

"5000 years ago, I started Klarna," he said, with the "moral ambition to make myself as rich as possible." As e-commerce took off, so did Klarna, leaving him financially independent with "$10 million” in his bank account, so he celebrated in Las Vegas, playing poker and ordering wines he "couldn't pronounce".

But back in his hotel room, surrounded by Gucci and Prada bags, he felt "complete emptiness and meaninglessness" instead of the nirvana he'd expected. So he decided to pursue something more meaningful, calling it "the most egoistic” thing he could do. In 2016, he started Norrsken to back entrepreneurs "tackling real challenges".

Watch the full clip below.

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