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Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029 Hosted by Steven Bartlett This was the title of a podcast featured on The DOAC. Daniel Priestley. He appeared on The Diary of a CEO and spoke directly about AI, data centres, and why people should lean into entrepreneurship. 🔎 What he actually said about AI & data centres Priestley warned that the economic model behind AI is fragile, especially because of the cost of infrastructure: Data centres powering AI may need replacing every 3–4 years. Massive spending is happening (hundreds of billions globally) Most users of AI don’t pay, so the model isn’t sustainable. His “bear case” (worst-case scenario) was blunt: “We overinvest in these data centers… cause a massive financial collapse… and wipe out pension funds.” He also added a broader economic principle: When economies spend heavily on infrastructure (like AI), it has historically led to recessions or depressions. 💡 What he said about entrepreneurship (this is the key part) His core message wasn’t “AI is bad” — it was more like: 👉 “Don’t rely on the system. Build your own thing.” He strongly encouraged people to: Move toward entrepreneurship. Build small, agile businesses. Develop skills that AI can’t easily replace. Focus on ownership instead of employment. In simple terms, his thinking is: If the system becomes unstable, the safest place is not inside it… but building something of your own. 🧠 Let me break this down so it sticks. Think of it like this: Big corporations = massive ships 🚢 Powerful, but slow and expensive to maintain. If something goes wrong… they sink hard. Entrepreneurs = small boats 🚤 Flexible, adaptable. Can change direction quickly when storms come. 👉 Priestley’s warning: The “AI storm” is coming… and big ships might struggle. 👉 His advice: Be in a position where you can move, adapt, and create income yourself. ⚖️ A grounded reality check (important) I’ll be straight with you here: He’s giving a worst-case scenario, not a guaranteed future.