Natalie Kitro-Eff

And whether that bet could backfire.

It's Thursday, November 20th.

Cade, it seems like the conversation on Wall Street, among investors, in Silicon Valley, even in Washington these days, has gone from whether we're in an AI bubble to the general sense that, yes, we probably are in some sort of a bubble.

And yet the companies that you cover from your perch in Silicon Valley, they're continuing to spend huge amounts of cash on this.

So explain to us, what is their justification for spending all this money?

And the idea is that that future, it's going to be really expensive to build.

The program that sent humans to space, yeah.

Exactly.

Can we just pause?

I want you to just define this term for me, artificial general intelligence.

We hear it a lot.

We've talked about it on the show.

It seems kind of hard to get your head around.

Like, what does it mean, actually, Cade?

But what they promised hasn't been delivered on the timeline that they promised.

So, again, just explain why they're still going even harder at this thing if it isn't panning out yet.

Obviously, they aren't trying to throw money in the trash, right?

What you're saying is that the upside for these companies of taking this massive gamble on what is essentially, as you've described it, a moonshot of reaching artificial general intelligence, is that you might be the company that lands on the moon.

The downside, though, is what if these companies are wrong?

What if there is no moon landing?