Caroline Hyde

I think we see that in technology as well.

I think we see that with the hyperscalers.

What I've been amazed by, or maybe not amazed by, but I think it's noteworthy, is that despite all the investor jitters around the massive spending that we're seeing, the companies are not slowing down.

Those jitters are not disrupting their plans.

In fact, they increase estimates significantly.

relative to analyst expectations for 2026 in terms of what they're going to spend on CapEx.

And so I think as much as we might have jitters around this, this AI train is continuing to steam forward.

Steaming forward, Marta, what we've seen a lot of steam on is kind of AI Duma or dystopia.

We've seen a lot of notes put out.

Look, some of them by the very leaders of Anthropic, for example, talking about the adolescence of technology.

We've seen the Citrini research just cause shockwaves through the market as some have labeled it sort of basically completely dystopian, made up.

But in other ways, some people put some real credence to potentially double-digit unemployment due to rapid agentic adoption.

How are you thinking about it?

I think those notes are really powerful and a really valuable thought exercise.

And they're tapping into, obviously based on a market action, they're tapping into what investors really fear is that worst case scenario.

We hear it time and time again that AI is going to destroy

the labor market.

And so these notes are valuable in the sense that they put real color, they paint a real picture to what that looks like.

But I think what we have to remember is none of us know the future perfectly, and that's one potential outcome, but there's a whole range of different outcomes

some of which are a lot more positive than what these notes have suggested.