Wedbush's Ives: Still less than 10-15% through AI revolution [10:04-11:28]

not going to be a big deal. And I think that's sort of the conundrum where we are and it's going to drive more and more spending. But it goes back to 96, 97 moment, 99, 2,000, blah, blah, blah. I let you analogy with the typewriter, I suppose, like saying this dial up bow down is a little bit slow to connect, isn't it? Anyway, Karen. I've got to say that's one of my most useful things that we've done with the typewriter course. Dan, can I ask you about some of the big listings coming up, because initially it felt like opening AI was going to be the big blockbuster one for the issue, maybe SpaceX by numbers. Now anthropic, the pre-market, the pre-IPO evaluation is enormous. What's the most interesting one to you? Look, I mean, we're talking about what's going to be a historical period in the history of Wall Street, right? When it goes to SpaceX and anthropic and open AI, I mean, really three sort of pillars of foreign dust revolution. But right now, in terms of anthropic, I mean, it's the best model in the world. And I don't think it really is the speed there. They'll put more pressure on all men open AI, which I view is just really central, foundational to AI revolution. That's why investors, they're going to be seen in the private markets now in the public markets. And this is going to be extremely positive for just broader AI. These companies being public, because they are core to the rest of tech in terms of how it all plays out.