Mina Kimes

which I know is a parent of a young child you can also I pointed this out to you it's the guy I don't know if he's Filipino or Latino he is Filipino yes you instantly knew what I was talking about

As the father of a two-year-old who just saw the episode where he talks about being Filipino, I can tell you that he is.

Yeah, incredibly.

Are they though?

Are they?

The amount of market cap that is hanging on those 60 Filipino guys is something truly impressive.

One line that I think is fair to say is that there's no way that artificial intelligence isn't going to be one of, if not the most important stories of the 2020s.

Because either one of two things is true.

Either artificial intelligence is a bubble, in which case companies are spending $700 billion per year.

That's two Apollo programs per year.

The Apollo program was $300 billion spent over 10 years, inflation adjusted in the 1960s, 70s.

So either it's a bubble because we're spending all of this money and the revenue is never going to catch up.

And what's going to happen to AI is exactly what happened in the dot-com era, is exactly what happened in the railroad era.

That takes down the stock market.

It takes down the economy.

It takes down banks.

It certainly, if this happens the next 18 months, transforms the 2028 election picture because any incumbent party running on an economic procession is facing an enormous risk.

Or it's not a bubble.

And for it to not be a bubble, when these companies are spending $700 billion a year, requires that the AI companies make hundreds of billions of dollars a year in the next 24 months.

That would be the fastest growing business in history.