new, right? We all know we're in a bubble. Our economy wouldn't even look good except for AI. If you only took AI out of the economy, we'd already be in a recession. So that's how important it is. But he says, and this would match things I've been saying, that there's a risk, but the new tech is coming. And he says it promises a hundred times better power efficiency for the same AI performance. What have I been telling you about this massive need for power for AI? I've been telling you that they're going to work on that from two different directions. One is building enormous city-sized processing centers that need power and the other would be figuring out how to not need so much power. And I was predicting that because the economic benefit of not using that much power is trillions of dollars that that would get solved fairly quickly. And it looks like the former CEO of Intel is aware of some technology that would take that power cost down by a factor of 100.

JP Morgan Chase says they're going to invest 1.5 trillion spread across 27 critical industries in America. So they're not talking about just making loans, the banking job. They're talking about taking equity in 27 critical industries to boost them. You know, they're trying to boost those industries. Now, why are they doing that? I've never heard of a bank do anything like that. Now, part of it is the bank is making a ton of money that the earnings are coming out. So they're actually making really good earnings at a time when other people might be struggling. So it could be that JP Morgan is looking ahead because they're smart, right? Jamie Dimon's super smart. They might be looking ahead several years and knowing that as people lose their jobs and maybe AI disrupts things that they need to be on the side of the angels. So if they can make sure that they're vital because they're not just a bank, but they own equity in vital industries and they're helping those vital industries that it might be that they just need to reframe themselves as a company completely differently.

One of the problems, if I were a bank, the thing I'd be worried about is that banks themselves could be completely replaced with AI. Somebody's going to make an AI bank. You can't do it now because of the hallucinating. But if they solve the hallucinations and you can just say, "All right, you're a bank now and go get the paperwork filled out. I'll sign it." I don't know. They could think that banking just won't be a business and so they need to have equity in real business. So I don't know what they're up to, but it's probably more than one objective.

Katie Porter or Katie Potato as you know is the Democrat who is leading in the potential governor race in California, but you probably saw the many videos of her acting very badly on video. And I guess Harry Enten on CNN points out that her odds of becoming governor plunged from 40% down to 16%. And Fox News completely did that. Fox News just kept running those clips on a loop until everybody saw them. Eventually the CNN and MSNBC, they would all have to do it because Fox just made that a story. So it looks like her odds have gone way down, but she's still definitely in the mix and maybe still number one.

But I didn't realize that Steve Hilton actually has a shot. So Steve Hilton, you all know him. He's running as a Republican in the bluest state you could imagine. Everybody assumes that no Republican can get any purchase. There's no way they can get close because it's such a blue state. But it looks like the competition is destroying itself and Steve is just sort of being Steve Hilton and people know him from Fox News. So he's got a built-in base for people who have watched his shows on Fox. I don't think he's still there. Does he still have his show on Fox? I don't know. But he seems like a solid, smart... I think his intentions are in the right place. He's Republican enough. He's pro-Trump enough. So he definitely meets all of the Republican requirements, which doesn't mean anything, right? Because you're going to have to win over other people.

So I asked Grok, does he have any chance? And it turns out he does. And part of that is because of the way elections work in California. They have what's it called? A jungle primary or something has some name to it. But basically the first vote is for anybody who's running. So it's not like a regular primary where you pick one person to run. The first vote is just for whoever. And then they limit the real election to whoever got the top two votes. Jungle. It's a jungle. That's the word. It's a jungle election or jungle primary. Is that what it's called? Yeah, I think jungle is in there.

Anyway, because there's only one strong Republican running, if he gets more than 25% of the vote, which is entirely possible, he could be in the top two. Now, getting in the top two definitely doesn't help you win because like I said, it's a blue state. But what if he gets in the top two against somebody who's just totally destroyed by clips or for whatever other reason? So I think if Steve can make that 25% which is not guaranteed and it's a stretch but I feel like he might be able to do it especially because Trump is doing so well and that will have a little bit of a coattail at least for a while but if you can imagine Steve Hilton getting into the position in the final two then it becomes a question of whether Fox News can take out the other competitor before CNN takes out Steve. I don't know what if he has any baggage or anything. I haven't heard of any. But I'm sure whoever he runs against is going to have a little baggage and Fox News will be all over that.

Allegedly, here's the scariest thing you'll ever hear from Alex Barnica. I don't know if it's true, but China's developing a nuclear tsunami bomb that could sink the entire UK. I guess the idea is they're working on a nuclear bomb specifically for triggering a tsunami so you can destroy an entire island such as the UK. Is that scary? Yeah, that's scary. I don't know if it's true. Might not be true, but it's scary.

Ford CEO was over in China recently. Did some tours of their auto plants and stuff and came back. I think this was in the Telegraph and the Ford CEO basically said we can't compete with China that they're already so far ahead of us in making cars that we just haven't figured it out yet but that Ford is not competitive and that we don't have a way to be competitive. Are you hearing that? This is CEO of Ford w