Azeem Azhar

And I think that that has become quite a surprise.

I think Goldman Sachs did some work last year, and they were showing that

the pinpoint where jobs really started to be impacted by effective LLNs was about $100,000 a year salary, which is well above the average.

So we end up in this quite interesting world.

And I agree with you that we may feel that there are certain jobs that are very high pollutant and creative, and the machines won't be able to at least support or augment them.

But with every

release of an AI system, those systems get better and better.

And I think that that does create a real pressure and attention.

I mean, later today, OpenAI will release their next model, which is called O03.

And I think quite a lot about what

Policy responses to this ought to be given that there is so much uncertainty and given that it's really expensive to run a safety net, right?

We know that in Europe, our tax levels are much higher.

We have a much deeper safety net.

And that, to me, feels like a kind of politically quite a difficult problem to close down, right?

Nobody really wants higher taxes, whether it's here or in Europe or in the US.

And certainly the politics in the US for the next three or four years won't support it.

So that, I think, is going to be a really key point of tension, which is what happens if we do start to see really mass job displacements?

No, I think we're also going to see that.

There is, in my other hat, which is to invest in startups, in particular deep technology and AI startups, there is a mood towards a belief that you could build the billion dollar single person company, like the one man unicorn, as they call it.

And the idea is that there's a whole array of