This is John Bachelor, conversation with my colleague Chris Regal of scholar.com about artificial intelligence, AI, and all that's attached to it, the hardware, the software, the excitement, the imagination, the commitments of investment by the large tech firms such as Meta and Apple and Microsoft.

Is it here today and gone tomorrow like other Fads on Wall Street or is this a moment that

we're transforming our economy? Chris answers in detail reflecting on his three decades in tech.

Chris Wiegel, scholar.com on artificial intelligence.

The big story on Wall Street today.

Will it be the big story in 20 years, 50 years? More of this later tonight.

So John, after having been in techno for 30 plus years, there is certainly a tremendous amount of hype around AI as there have been hype on prior

cycles whether it be IOT, whether it be mobility, whether it be the internet.

But AI is truly transformational.

There are certainly very, very many great applications for AI.

It will work its way into the workforce,

but it will always take longer. It will always be more expensive and the payoff to that will be an

extended payoff as opposed to an immediate transformation of businesses or society, but there is true value and true change that can be brought about by AI.