the similarities between the railroads

and AI,

the AI boom at the moment. What you see

with the railroads is a massive building

program. Um and what you're doing with

the railroads is you're building

before demand. You're anticipating

demand and you're creating demand.

>> Build it and they will come.

>> Absolutely. You're you're you're

creating demand. So, when you build a

railroad through a place uh there's

nobody there at first. But [laughter]

when when when the when the railroad

arrives, they're there. So, the value of

the land that you're linking to the East

Coast is massively increased. But

there's a lot of speculative building,

there's a lot of borrowing of capital.

>> And there are a lot of bankruptcies.