Morning is now is Gerald Slyndy is always great to have Gerald on and his excellent publication.

Transjournal at trendsjournal.com. You can save 10% with the code night. And I've got it right here in front of me on this device here.

Four AI giants. This is his top news story as well.

Four AI giants announced $660 billion in 2026 capital costs.

That's half a trillion, a little bit more than half a trillion.

So Amazon, Google, Meta, Microsoft, that's not even including Anthropic, which has been very, very

successful, has some very, very powerful software that's out there.

So what's happening, Gerald?

I mean, we've been talking about this for a long time.

I've not really been in tune to how quickly this stuff is accelerating.

And I just read an op-ed piece from a guy who is a software consultant.

And he was talking about how incredibly fast the pace of acceleration is on this

and how they're replacing software engineers.

They're doing that first so they can evolve this more quickly into every other field.

It's two elements of this that are very important.

One is the one you're talking about.

And the other is what's happening to these companies that are going to these software companies that you're not going to need

anymore.

And you're seeing the effects starting to hit Wall Street like they did last week.

So a lot of these software companies, they're going to be useless because AI is taking over.

That's going to bring down the equity markets big time.

Number two, who's going to lead the world in AI?

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