Headlines about a deepening stock sell off, the rising “fear” gauge, and unsustainable valuations, are dominating the news flow. Relax. End of the world market crashes happen all the time. Sit back and enjoy the show. Get your buying boots ready.

What if we are completely wrong about AI? A revolution in how tech is being innovated across the economy is clearly happening –  but what if we’ve got the winners and losers wrong? What if we’ve misjudged how AI will evolve as companies and individuals innovate AI solutions for themselves, seeking to preserve their data sovereignty and control of  their systems?

A sure sign of just how nervous markets are is volatility and judder moments – the realisation that things aren’t what you thought they were. Who knew a bond bear market was upon us, and interest rates are unlikely to fall? Who knew the Chinese AI Deepseek can do what OpenAI can do at a fraction of the cost?

When a firm losing $5 bln per annum is valued at $160 bln, what won’t it do to post a profit? OpenAI’s new investors expect much of Sam Altman. But what does the insane and widening income inequality at the core of the repeating US Tech booms say about Peak Free Markets?

Every single business on the planet should be looking at its board composition and corporate governance structure to figure out just how vulnerable they may be. OpenAI’s self-immolation should be a lesson.

Would you rather lose your job to stagflation, recession or deflation? Argentina’s voters have gone for the populist option – good luck! OpenAI – I guess the genie is out the bottle.