AI: Every tech revolution happens ‘faster than the last one’

Yahoo Finance Video and Julie Hyman

Wed, February 18, 2026 at 8:30 PM GMT+9

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Vice Chair at Citizens Commercial Bank, Mark Lehmann, speaks with Market Catalysts Host Julie Hyman about his view on the speed at which AI is advancing and how the software sector is in turn responding.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief.

Video Transcript

00:00 Julie

I was really struck by, um, two pieces last week. One was in the Atlantic, um, and sort of looked at, um, the real differentiator in how this technological wave is going to hit is going to be speed, right? Are companies going to have time to adapt or is it going the wave’s going to come so quickly that neither they nor policy makers will be able to meet the moment. And the other one that I’m sure you saw because it was making the rounds was a substack by a guy named Matt Schumer, who’s a software developer, executive,

00:32 Julie

who said, like, this thing’s a freight train, it’s coming for you and you not are not ready. Now, of course, everybody piled on and tried to debunk part of what he said. But, you know, how how are you, you know, it sounds like you have a much more optimistic view than the freight train view, certainly. I I guess that there are just a lot of people out there who are afraid right now. even if they’re in embracing, in some cases because they’re embracing the technology is why they’re afraid, Mark.

00:56 Mark

I I I think both can be true, right? You you see this freight, it is a freight train, right? You’re hearing all these stories about people who work at these big companies and what they’re creating and they’re going home and talking to their friends or spouses and saying, oh my gosh, you have no idea what’s coming. I think we’re soon going to say, we’re not saying, oh my god anymore because it’s we’ve heard it so many times. Um, the reason I embrace it is just because it’s happening. Uh, we saw this earlier in the in the in the 2000s with with the internet and what it did to some consumer companies and what it said did this

1:21 Mark

start with bookstores obviously, which is what the first thing people felt it on. I I think you just have to understand that it’s it’s coming and and you embracing and learning about it and you incorporating it in your life, and you incorporating it in your work, and you incorporating it in what you do is is absolutely going to happen.

1:36 Mark

Every technology revolution is faster than the last one. And you we’ve seen these adoption curves that starts with microwave ovens or VCRs, I can’t remember which one it started with. Um, and you see the adoption curve with chat GPT

1:47 Mark

which or open AI, whichever one you want to pick. They’re faster than the last time. And I think companies that embrace this technology, embrace the speed of this, embrace the possibility of it are going to do far better. And and I think I I I I just suppose this with 10 years ago when we said we’re going to run out of workers because everybody’s aging out. Well, now we’re going to need fewer workers, so I don’t know what that argument says anymore. Government, we even talked about what the government has to do to to embrace the fact that we’re going to have this kind of workforce that’s going to be much more empowered, but it’s probably going to need fewer people.

2:09 Mark

We also we haven’t even talked about healthcare and the benefit to that and the benefits of all the things that you’re going to learn about yourself and the doctors are going to learn, speed to market of drugs. The FDA is going to have to go faster. Julie, those are all positive things for the economy and for our lives, but they’re frightening for people who just like it the way it is because I’m sorry, nostalgia is a wonderful thing, but you look back, it wasn’t so great sometimes. Look back, I’m not sure people would trade having no internet for 30 years ago. They’d much rather have this.

2:32 Julie

I’d trade away social media in a second.

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