Why Ray Dalio's bubble warning misses the real threat

public. Ray Dalio was speaking in Singapore yesterday. Did you see that? He said the bubble's about to burst. I don't think so. I think he's holding a lot of position, a lot of gold. Gold's been off lately. And so I think he's trying to, you know, promote his book of business. You know, to the data center point, John, I think you're right on. I just don't see that as the main issue. I think, you know, AI safety broadly. I had dinner last night with Matt Calkins. He's coming in today and his whole thing is, look, the first step is AI alignment, aligning what AI is doing with what humans want it to do.