00:00These enormous companies are making people redundant to invest money they don't have
00:04into technology that we don't know what it's going to do.
00:07I mean, I don't know what my question is, but it's just an observation
00:12that increasingly every story seems to link to this.
00:14I think this is something that a lot of people, just anecdotally,
00:19a lot of people I speak to don't really have a kind of overall grasp of.
00:23It's like 37% of the value of the main US stock market index right now
00:29is concentrated in just seven tech companies,
00:32which are also some of the biggest spenders on AI.
00:35There's been over $2 trillion of investments in AI.
00:39So if it is a bubble that bursts, that is not a bubble that we have,
00:43the likes of which we have never seen.
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