Tamay Besiroglu

Like it's already enough to have very strong deterrence.

So maybe even that lead, a technological lead, is not sufficient so that you would feel comfortable going to war.

Yeah.

I mean, for what it's worth, I do think it's possible if you have it just happen in a few countries which are relatively large and have enough land or something.

Like those countries could just – like they would be starting from a lower base compared to the rest of the world.

So they would need to catch up to some extent.

So like if they are just going to sort of grow internally and they're not going to depend on the external supply chains.

But like that doesn't seem like something that's impossible to me.

Some countries could do it.

It would just be like more difficult.

But in this setting –

If some countries have like a significant policy advantage over the rest of the world and they start growing first and then they won't necessarily have a way to get other countries to adopt their norms and culture.

So in that case, it might be more efficient for them to do the growth locally, right?

So that's why I was saying the...

growth differentials will probably be determined by regulatory jurisdiction boundaries more than anything else.

I'm not saying, say, the U.S.

by itself, if it had AI, but it couldn't get the rest of the world to adopt AI.

I think that would still be sufficient for explosive growth.

I don't even know if financial services can be important if you want to scale very big projects very quickly.

I think people already think China is a big deal.