Overview

• Speaking in Turin with John Elkann at Tech Week, he compared the moment to the U.S. biotech‑lab bubble that ultimately left durable winners.
• He cited investors handing $2 billion to six‑person teams with no product as evidence of unusual risk‑taking in AI.
• He said AI will reach every company worldwide by lifting the quality of work and overall productivity.
• He described a golden age for space, AI and robotics, noting Amazon launched its first Kuiper satellites this year.
• Global AI spending is projected to reach $1.5 trillion in 2025 and surpass $2 trillion in 2026, according to Gartner, underscoring the scale of today’s bets.