Alan Waxman

back in the late 90s and early 2000s.

And there was a bunch of loss-making businesses from all these disparate principal investing businesses.

And that's why Goldman put them under one umbrella.

I think that pattern of not thinking about things in a siloed way versus the overall periphery, I think that's what we're going to be talking about sometime here in the next two to three years.

We have experts at Sixth Street, my partners, Marty Chavez, who's on the board of Google, and Adam Korn and Rand Goldman Sachs Engineering, but who are experts on AI.

So I'm not an expert on AI, but I think

One of the things that you've talked about on your podcast is just the whole transition.

Once the productivity gains start to come, there's obviously going to be job losses and just the transition to sort of remobilize capital.

How's that going to work with the real economy?

I don't think enough people are talking about it.

One of my good friends, Jeff Weiner, former CEO of LinkedIn, he's the chairman, him and I have been talking about this for a while.

And I think for the first time, Anthropic,

CEO actually came out and said something publicly.

So what I'm worried about there is that we're so focused on competing with the U.S.

stated against other countries, specifically China.

The MAGA said they're all focused on competing with each other.

And I don't think there's enough people talking about how we're going to manage China.

this transition as, again, there's going to be lots of productivity gains, which I'm all for, but there's not enough talk about that.

It should be code red people talking about it and that's not happened.

So I'd say that's one.