00:00Just before I let you go, I just wanted to ask your quick thoughts on the fact we've been talking about semiconductors and technology and the race for AI.
00:09And we know the U.S. is pressuring the big tech companies to now come back to America, the likes of Apple, the likes of, you know, those big tech juggernauts that are driving the Nasdaq.
00:24Who do you think will win in this AI race if the tariffs on 100 percent semiconductors stay in place?
00:33Listen, Leon, the race of AI and quantum computing is becoming exponential at exponential speed.
00:40So there will be no winners. Winner, I think there will be losers.
00:44The person who will not hit the right technology will lose, even if he has very, very much advanced.
00:50So the difference will be very small between the different countries.
00:54But this small difference will make a huge difference between the technologies, the capabilities in terms of technology for armies, for business and so on.
01:06But what's important also is that what's happening with the tariffs, it will hit the stock market.
01:11The stock market will drop with the immediate effect, but will recover slightly later.
01:16However, interest will more probably drop because there will be inflation and central bank will need to control this inflation with complexity.
01:27And last but not least, the price of gold will increase and precious metal and rare metals, as we heard about it during the latest news over the last two months.
01:38So, yes, you're right. The race to technology is increasing, is speeding at exponential growth.
01:48And who's going to win it?
01:49From what I see, actually, the US and China are neck to neck in it, but China is moving very fast, very fast.
02:00So, so we have to watch out what's happening over there.
02:04And I'm sure the President Donald Trump is watching this with his team.
02:09And I hope that really, really, he will react quickly to ensure that the US will still at the top of the race and will continue to be.
02:18Because being at the top of the race is not enough.
02:20So, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so
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