Q slide, which I thought was incredible slide six, which is when will AI reach 75% of total US market cap, which I think is incredibly provocative how you compare that to industrials and transport, because everybody's saying it's so big already, it can't get any bigger. So just kick us off You know, contextualizing your level of optimism and this slide, like, can it really be 75% of total cap?
A Yeah. Uh, so listen, um, every time I'm optimistic, I'm worried this is it, you know, this is the peak. Uh, and now that Thomas and I are doing this podcast together, we're guaranteed to be doomed. But I think that at the end of the day, That's how everybody thinks, first of all. So it's never priced in. Everybody's worried that it's all the time, the peak, and yet despite that, uh, things tend to work out. I think today we've learned from these founders and stuff like that, that AI is probably the defining and biggest tech trend that we're going to see. And I showed you the different waves. There's only been a few waves over the last 70 years or so, going back to mainframes. And one person made the point that the networking, we needed the PCs. The internet, we needed networked PCs. Sass, we needed what happened before, and AI is also built. So one of the reasons these trends get bigger, they're built on top of each other.
AI assessment note: “one of the reasons these trends get bigger, they're built on top of each other”