David McWilliams

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David, good morning to you.

It's not just the burst in the tech bubble we're seeing.

It seems to me that AI is the single biggest change in the way the economy works that we have ever experienced.

It's going to have social, political and cultural ramifications that are going to be enormous.

And the reason is it's the clue, David, is in the title, artificial intelligence.

Intelligence is what makes humans unique.

Our imagination, our reasoning, our ability to work together.

Artificial intelligence is going to make that artificial, i.e.

is going to replace... The objective, David, first of all, is to replace... Sir, you talk about meta and cost-cutting.

That's a fancy way of saying, let us replace humans with robots, and those robots will ultimately be much, much cheaper, and the returns to what used to go to humans will go to the owners of those robots.

So I think that we've got to stand back and understand that what we're seeing is something as profound as the Industrial Revolution, as profound as the printing press, and at the very, very least, we're going to see

The sector that is most enthusiastic... Hello, David.

...is the sector that will be most affected.

Well, I suppose, David, let's think, we talk about tech companies.