00:00Third, it's going to change the real economy.
00:02We don't know in the next 12 or 18 months its effect on employment.
00:08But if you believe like I believe,
00:11which is it will make economies and countries that put it to good use more productive,
00:17that it's going to make it so that we will have more wealth,
00:20then that has to be a very good thing.
00:24But the path from where we are to there is likely to be a very bumpy one.
00:27Bumpy in our understanding of the technology.
00:31Bumpy because we really don't know what the market structure is going to be of these new technologies.
