Cade Metz

These securities can be bought and sold and traded.

And that means you don't know, in the end, who is holding the debt.

That's right.

The key word there is could.

There could be a problem.

It's hard to know.

As I said earlier, it's projected that companies across the world will spend nearly $3 trillion on these data centers.

Analysts at Morgan Stanley project that about a third of that will be debt, $1 trillion.

We can't.

If things do burst, it's hard to even know when that might happen.

And people like Sam Altman and Sundar Pichai, the CEO of Alphabet, the Google parent company, have acknowledged this uncertainty.

It's a great point.

As we think about this moment, we need to realize the realities of this technology.

It is very powerful in many ways.

Healthcare being perhaps the prime example, drug discovery.

We are on the path towards some amazing things.

At the same time, we're on the path towards some things that are concerning.

If things don't progress at the pace that Silicon Valley says, this could cause problems across the larger economy, as we talked about.

But it might give us the time we need to continue to think about all the big questions that hang over this technology and that hang over our future.

it might give us time to prepare for that future.