This is John Bachelor, conversation with my good friend Brett Arons of Market Watch, about the market's

turbulence and about artificial intelligence, AI, the marketing tool that has worked all these months of 2024 until, and comparing and

contrasting the AI excitement with the dot-com excitement of the late 20th century. They're going to work,

they're going to make people money, not the people you know now, people in future.

And they're going to save us money, they're going to be productive, they're going to be productive they're going to be global but not now how long you wait is the unknown

However AI not now question mark gonna make its money question mark, going to make its money, question mark, what companies, question mark.

But errands, on AI and the dot com excitement until the crash of 2000.

More of this tonight.

The... I can see all sorts of places.

AI is going to replace human beings and companies are going to use it to cut costs. I mean that's got to be the main

application for this and so that should be economically deflationally that's not

good in the short term for the economy.

Maybe in the long term it's good because you become much more productive and so on and so forth.

But it does essentially for technology what you know machines did you know we we don't farm with a horse and plow

and so on and so forth. So it'll be

I assume that that's how it's going to play out but it could be it could take years

who knows well the stock market the back the dot-com crash of 2000 was correct all

those companies were going to make money, but not yet. So we

had to wait a few years and a few wars in between. Now they're interesting. Let me tell

you've raised an excellent point. Let me just went back in the late 90s,

a very good friend of mine in London

who was a brilliant stock market investor

...