Hedge Fund manager Met's owner Steve Cohen telling San B.C.

Squawkbox earlier today that this era of artificial intelligence reminds him of the

90s. But does Silicon Valley agree?

Geiger Bosa, of course, with that story for today's Tech Check morning dear

Hey good morning Sarah and the short answer is yes which year of 90s we will talk about but a lot of what he said is what

Silicon Valley has been talking about for months, from productivity and efficiency

gains to it feeling more like 95 than 99.

Here he is on the latter.

I don't see it as a bubble. I mean I think the markets are discounting some of what

We you know they think AI is gonna do for companies you think it's discounting

Discounting? You think it's discounting? Discounting. So you think that there's even more upside? I do. I, you know, my view is, this is a really durable theme. I'll give you one

little anecdote. My CTO comes to me and says I can save the firm $25 million

by using these LLMs to improve our efficiency.

Now we're a nice size firm.

We're not a huge firm.

So imagine what big companies can do.

And that's just one thing. okay? So it gives you, you know, a little bit of a look into what's possible.

We don't have to imagine this. It is already happening.

Mega Caps, like Meta and and alphabet they are shrinking their

workforces and in shrinking their hiring it's this idea that senior AI

researchers or data analysts they can do more with Gen AI than an army of junior

engineers who code even at non strictly tech companies.

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