Gross Domestic Product

“The tasks that are physical are getting more and more expensive and they're going to become the new bottlenecks, right? So your carpenter, the people like who built your house all of those kinds of jobs are going to be more and more expensive. And then they're…”

“Global trade is 47% of GDP.”

“And in Europe, we are at all .5% of GDP. So we are under financing innovation by factor eight in comparison to the levels that made us wealthy in the fifties, sixties, seventies.”

“I ultimately, genuinely believe that more than 50% of the GDP will be contributed by what you can call agentic applications in the next few decades, yeah. I actually think it'll happen faster than the next few decades.”

“So we're running now at about 1.2% of GDP, which is basically 1.2% of GDP is going into making CapEx data centers, which is a little above the 1.1% of GDP that was going into bandwidth at the top of the 99 2000.”

“If the disruption happens extraordinarily quickly, And people don't have time to adjust. Then in the short term, you will have some element of structural dislocation that will result in some form of, definitely some form of recession GDP slowdown if those folk…”

“One way to think about LLMs, right, is they're just, they turn energy into, like, GDP, right, or into revenue.”