Sands Capital estimates that only 2-3% of the world's 1 billion office workers are currently using AI tools.

Sands Capital is skeptical of Huawei's recent chip announcements, noting that the underlying technology of chip stacking has been pursued by Taiwan Semiconductor Manufacturing Company for a decade and faces significant heat dissipation challenges.

China is estimated to be a decade away from developing its own leading-edge lithography capabilities to compete with firms like ASML.