00:00If you look at the MAG-7, you look backwards in history, and you can say with a pretty clear
00:05conscience, each one dominates their seven different niches. They have near monopolies
00:12on a global basis. Justice Department, et cetera, perfectly sound asleep. They're not going to jump
00:18in and slash and burn and divide Exxon into seven different pieces. They're letting these things
00:25grow and set their pricing and make tons and tons of money. Then you look forward,
00:31starting from today. Does it look anything like that? Doesn't it look like seven companies deciding
00:38they're all in the same market, AI, that moving the most powerfully with the greatest investment
00:44is dominant? Are they not seen here beating their chests and saying, my 200 billion in investment
00:51in a single year is bigger than your 127? Yeah, boo. They know how much gets paid off to the
00:59first
00:59mover who grabs the market. There can only be one, as they say in the movie. And there's seven of
01:06them
01:06fighting it out. It could be a very messy, blood-curdling game. I suggested that they
01:13have it outside the White House. What a comparison. Just imagine 10 years from now looking back and
01:20saying you couldn't see the difference between seven easy monopolies and a dogfight of seven
01:27vicious, rich companies, huge cash flow, huge understanding of the virtues of being dominant,
01:35all deciding at the same time to fight out in one market.
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