Good morning from New York City. I am very aware that this is graduation season. Several of my friends have children who are graduating, and I always look forward to hearing who’s doing the commencement speeches and hearing what message they have for the world.

Yesterday my friend called me. Her son Max is graduating from USC. Cathy Wood of Ark Invest, one of my heroes whom I follow quite closely, was the speaker at the USC commencement yesterday. I love that my friend called to share with me that her speech was very inspiring, even though it was short. Her basic message to the graduates was this: Let me get right to the point. The speed of growth and change is going to be unprecedented and something we have never seen before, and your job is to be on the right side of that change.

It was fun and it got me thinking, and I woke up this morning thinking that is a message that applies to everyone, not only to college graduates, right? This convergence of future technologies is going to affect absolutely everything from transportation to healthcare, to all aspects of the financial infrastructure. It is going to be huge. One of the things that’s coming out in fact is that Governments around the world, not only the United States , are facing a massive learning curve, and they’re totally ill-equipped to deal with the legislation. I think that’s more evident than ever with the whole chat GPT and generative ai. It’s going to be very interesting to watch.

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