Brad Gerstner

Okay, and then we get the industrial revolution, GDP accelerates.

We get the digital revolution, GDP accelerates.

And basically what you're saying, and Scott Besson has said it.

He said, I think we're gonna have 4% GDP growth next year.

Basically what you're saying is the world's GDP growth is going to accelerate because now we are giving the world billions of coworkers that will do work for us.

And if GDP is an amount of output for a fixed amount of labor and capital,

It has to accelerate.

These numbers have everybody talking about a glut or a bubble, right?

Zuckerberg said last week on a podcast, you know, he said, listen, I think it's quite possible at some point that we will have an air pocket and Meta may in fact overspend by $10 billion or whatever, but he said, it doesn't matter.

It's so existential to the future of his business that it's a risk that they have to take.

But when you think about that,

It sounds a little bit like prisoner's dilemma, right?

And walk us again through— These are very happy prisoners.

Walk us again through, right?

Today, our estimate is that we're going to have $100 billion of AI revenue in 2026, excluding the GPUs running recommender engines.

Yeah.

Or search.

Correct.

So there's other stuff.

But I think the skeptics would say, we need to go from a hundred billion of AI revenue in 26 to at least a trillion of AI revenue in 2030.