Brad Gerstner

If you look at it on a top downs basis, $125 trillion growth,

global GDP, if you get a 10% improvement in productivity, that's $12 trillion a year of productivity improvements.

If you get a 5%, that's $5 or $6 trillion.

That's what's leading Masa and Sam and others to place these heroic bets.

I don't want to get over my skis about what's been disclosed, but I think rumors out there is that they'll exit this year at over 20 billion run rate.

I think there are a lot of people who think they could hit 50 next year and 100 after that.

So this, again, gets back to your point, David.

There's no dark GPUs in the world today.

The tokens are being consumed.

Every consumer in the world wants answers.

They don't want to use 10 blue links.

Every enterprise wants to deploy this to make their enterprise better.

National sovereigns want to do this in order to advance their military and other things.

I want to come back to this very point.

We should be on the lookout for sham transactions.

When you have moments of excitement like this, they of course will lead to somebody on the edge doing stuff that is a sham.

What's a sham?

There's no economic substance.

There's no end buyer for your product.

So I call up Saks.