Saagar Enjeti

And this is actually a big debate right now in Silicon Valley.

I like to go on the TVPN show with my friend John Coogan, and we talk about this all the time.

And from their perspective,

they believe that a lot of it is marketing, is that with the anthropic and open AI and all of them use these talking points as marketing, because it shows how transformative their tech is.

But at the same time, there's only so many times that the CEOs of the companies themselves can in all seriousness be like half of humans aren't gonna work, and Elon being like, by the way, all of you will just get UBI, that you're like,

Maybe there's something to it.

And I've seen researchers and others, we've had so many of them here on the show, talk about, no, they're not lying to you.

They're actually telling the truth because, A, it makes them phenomenally rich, but they want to prep the ground for what that type of thing is looking like.

to the data center point, I mean, and the level of CapEx spending, that is the only reason why we are not in a full-blown recession.

I believe Canada is actually in a formal recession.

One of the reasons they are is they don't have, they don't have InDropic and OpenAI.

Almost any company,

which is living in the real world of manufacturing, of goods, of agriculture, of oil, is facing a massive downward pressure.

The only reason we are not, and that stocks are literally at all-time highs, is because Micron and other companies are worth a trillion dollars.

If we were any other country in the world, it wouldn't be that way.

And I think that that demonstrates, you know, the reliance on this tech.

And that's why I kind of said, you're screwed if it doesn't work out because then it's a bubble and then it's .com all over again.

It took, I think it took 13 years to recover the same market top from, yeah, I think it was 2000 and 2013.

13 years for the market to return, which is insanity for the people who invested at that time.

But I think it also shows how if it does work out, well, then, yeah, if you're an asset owner, oh, then great.