Bloomberg Talks
00:12:53 · David Ingles, Emmanuel Roman, Yvonne Man
[00:12:53] S2: How, then, should we look at inflation for next year? I mean, depending on the oil price, I mean, how. [00:12:59] S0: Does AI drive inflation as well? Probably lower. Okay. The beauty of AI is it is capex-intensive from very strong hands, but long-term deflationary. And deflationary, we were talking before we came on air, what it does to the labor market... We had last night an incredibly exciting presentation on robotics in China. There are a lot of changes with a wide range of outcome that I think will change the labor market over the years to come. And it's very hard to predict what will happen. The rise of the robots. The rise of the robots. But I learned one thing last night is that it takes an enormous amount of time. to train the robot. So the robot is good at doing one thing and doing it very, very well. But you want the robot to interact with the human being and that seems to be more complicated. Okay. Our jobs are intact. We're safe. We're safe here. According to Manny, yeah. [00:14:04] S1: Manny, thank you so much. [00:14:04] S0: Manny Roman. Thank you very much for having me. CEO of PIMCO.