I’m currently a Visiting Scholar at Forethought. Previously, I worked at the AI Safety unit of the European AI Office and as a capacity building grant-maker at Open Phil (now Coefficient Giving). Prior to that I co-founded ARENA with Callum McDougall. I studied Engineering Science with a specialization in ML.
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last updated in June 2026
Most importantly for this context, market cap is about expectations for *future* earnings. So, it’s not really reflecting the economy today.
And tech stocks tend to have more growth baked into their valuations.