Quote · Excess Returns

The $2 Trillion Question | Tobias Carlisle on SpaceX, the AI Buildout, and the Rotation No One Sees

Explore episode Jun 20, 2026

It's entirely conceivable that all of this work goes into creating these incredible AI models and all of the value accrues to the consumer and not to the people who create these models.

Tobias Carlisle

The $2 Trillion Question | Tobias Carli…

Where this was said

Why AI value may accrue to consumers

At 0:56 · chapter starts 0:00

Tobias Carlisle teases his core thesis — AI value may go to consumers, not creators — then is welcomed back to Excess Returns. Hosts introduce his ZIG and DEEP ETFs.

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