00:00:00
Right now it looks to me like AI
00:00:04
basically is eating everything and it
00:00:06
might eat itself. What I mean by that is
00:00:09
not produce adequate profits. When we
00:00:12
look at the bubble question on AI, what
00:00:15
a lot of people don't realize in bubbles
00:00:18
is that through all technologies they
00:00:21
think that they are betting on the
00:00:24
technology when they buy the stocks and
00:00:26
the companies. That's not true. There's
00:00:29
a giant difference between the behavior
00:00:31
of the companies and the behavior of the
00:00:34
technologies. The norm is that a lot of
00:00:37
companies won't survive in the start,
00:00:39
very small percentage, and they'll all
00:00:42
fight and so on, but the technologies
00:00:44
will go on and it'll be great. That has
00:00:46
big implications.
