Lloyd Blankfein

I don't think anybody knows.

I don't think the people who are driving it, they have opinions that they express, but I don't think they know.

So we're in the realm of contingency planning.

It might be.

And, you know, one of the observations I'll make is that the people who are, you know, the big hyperscalers are firms that,

that are dominated by founding shareholders who are putting their own money where their mouth is.

These aren't professional managers making bets on the future with other people's money.

This is their own money.

This is their own ego.

I'm not saying that that necessarily makes them right, but it certainly makes it seem to me that their convictions are very deeply held.

And so that's another thing.

Will all these technologies, and you could say, talk about AI or anything else, will all these technologies work?

No.

Will the people who have technologies that work all succeed?

No, the world may not need

10 large language models.

Maybe it needs four will be winners, and two will be very big winners, and the other two will get by, and maybe it'll get reduced over time to two.

Who knows?

And so there's forks in the road where people are taking the wrong foot.

We don't know.