Katie Martin

It makes shed loads of money.

This isn't like the dot-com boom and bust in that regard.

But there's a really thick layer of just like bubbly nonsense that sits on top of this space.

And I think a lot of that froth does need to get blown off over the course of this year.

The other sort of flip side extreme scenario that you allude to is exactly that, is not that AI is a load of old rubbish.

It's that it's much better than we currently envisage.

And all of a sudden, as you suggest, we don't need humans.

Now, what are those humans going to do?

And what are the socioeconomic ramifications of those humans having nothing to do?

I don't know.

And I don't know which scenario I would kind of rather see.

But I think it's

You know, in terms of how markets respond to all this, I do think it's important to remember that it's, you know, the US dominates this whole debate.

Of course, you know, these big tech companies account for something like, you know, 25% or a third of like the entire S&P 500.

You know, they're absolute monsters.

But, you know, Korean stocks last year had a fantastic year.

Why?

Because they've got three gigantic AI contingent companies that account for almost the entire market.

Japanese stocks had a great year last year.

Same kind of story.