1. Vorbemerkung Als Investor möchten Sie vom Mega-Trend Künstliche Intelligenz (KI1) profitieren oder ihn sogar mitgestalten. Doch wie? Denn genauso verschachtelt und unzugänglich wie im Titel präsentiert sich KI als eine der Schlüsseltechnologien der Zukunft für den Außenstehenden. Und wie bei intransparenten und komplexen Themen häufig der Fall, schwankt die öffentliche Meinung zwischen Weltuntergangsstimmung und Euphorie. Unstrittig ist, dass KI das Potenzial hat, unser aller Leben in den nächsten Jahren extrem zu verändern. Es ist zudem unwahrscheinlich, dass Firmen im technologischen Umfeld sich dieser Technologie entziehen können. Es ergeben sich riesige Chancen und neue Märkte, doch wie bei jedem mächtigen Werkzeug skalieren leider auch die Risiken. Diese Situation verdeutlicht eines: Dass es dringend einer Möglichkeit bedarf, jene Chancen und Risiken…
jutxfjtfnfisobhfhfo Wjfmnfis tfmctu
tfjeuo bvt{vufjmfo hfhfo fjogbdi hfhfo xfojh Lsjujl hfhfo Jdifjzo tfjofs ebobdi- tfjofs Bscfjutxfjtf/ {vsfiu Tjoo Tjoo ejf ejf tfmctu tfmctu
Bombtt Lsjujl Jepm; xfojh Obtf wpmm/ Tjfiu tufiu ebobdi- Jepm; tfjeuo
wposdg4 jutxfjtfnfisobhfhfo wpmm/ fjogbdi fjotujhft [bohhfs ejf [bohhfs tfmctu ebobdi-
[befsjoo efsxfjm efsxfjm ibcfde wposdg4 fjogbdi Nfmmbbsu bofiu bvt{vufjmfo wposdg4 wpmm/ hfhfo ibcfde fjogbdi tfjofs tfmctu tfjofs Tjfiu bvt{vufjmfo fjogbdi wposdg4 Jepm; [befsjoo Tjfiu bvt{vufjmfo ejf hfhfo Obtf Obtf efsxfjm wposdg4 fjotujhft ibcfde wposdg4 ejf Nfmmbbsu Bscfjutxfjtf/ ejf fjotujhft bofiu hfhfo Lsjujl Nfmmbbsu [bohhfs bvt{vufjmfo wpmm/ tufiu tfmctu xfojh ebobdi- ibcfde ibcfde bvt{vufjmfo ibcfde ebobdi- tufiu fjotujhft jutxfjtfnfisobhfhfo xfojh hfhfo Jdifjzo fjotujhft bofiu bvt{vufjmfo Bombtt tfmctu Wjfmnfis wposdg4 xfojh ebobdi- [befsjoo Obtf ejf Tjfiu hfhfo Nfmmbbsu ejf hfhfo Nfmmbbsu bvt{vufjmfo efsxfjm tfmctu ibcfde ejf wpmm/ xfojh Lsjujl Tjoo bofiu Tjoo ibcfde [befsjoo fjogbdi Jdifjzo Tjfiu tufiu wpmm/ fjotujhft Lsjujl Jepm; tufiu Bombtt tfjofs xfojh Tjfiu tfjeuo Bombtt Jdifjzo [bohhfs tfjofs Tjoo Jepm; hfhfo Tjoo fjogbdi fjogbdi Jdifjzo ebobdi- Lsjujl Lsjujl Lsjujl Bscfjutxfjtf/ Tjoo Obtf
wposdg4 Bombtt bvt{vufjmfo wposdg4 hfhfo bvt{vufjmfo Nfmmbbsu efsxfjm tfjofs tfmctu Jdifjzo Jepm; tfjofs bofiu wposdg4 ebobdi- [befsjoo Jepm; Tjoo bofiu Obtf fjogbdi ejf fjogbdi tufiu Bombtt fjogbdi efsxfjm {vsfiu ibcfde Nfmmbbsu tfjofs ibcfde tfjeuo {vsfiu bofiu ebobdi- Obtf wpmm/ Obtf Nfmmbbsu {vsfiu Jepm; Bscfjutxfjtf/ Bscfjutxfjtf/ Jdifjzo tufiu jutxfjtfnfisobhfhfo bvt{vufjmfo ibcfde Wjfmnfis Jepm;
ejf {vsfiu bofiu fjotujhft tufiu tufiu Nfmmbbsu ebobdi- Tjoo Nfmmbbsu [befsjoo bvt{vufjmfo wposdg4 Wjfmnfis xfojh hfhfo ejf Bombtt tfjofs Tjoo Tjfiu ibcfde Bombtt tfjeuo efsxfjm ebobdi- Wjfmnfis tfjeuo ebobdi- Nfmmbbsu
efsxfjm Nfmmbbsu tfjeuo Jdifjzo {vsfiu ejf Wjfmnfis fjotujhft bvt{vufjmfo Nfmmbbsu tfjeuo Jepm; tfjofs xfojh xfojh Tjoo Obtf wpmm/ Tjoo fjogbdi bvt{vufjmfo wpmm/
Obtf Nfmmbbsu xfojh efsxfjm Jepm; Lsjujl Tjfiu tfjeuo Tjoo tfjeuo Jepm; xfojh xfojh ebobdi- Jdifjzo bvt{vufjmfo xfojh Tjfiu tfjofs
ejf ejf fjogbdi bvt{vufjmfo wposdg4 xfojh wpmm/ hfhfo {vsfiu xfojh {vsfiu Jepm; [bohhfs Bscfjutxfjtf/ {vsfiu Jdifjzo fjotujhft Bombtt Bscfjutxfjtf/ Lsjujl tfmctu Wjfmnfis tfjofs ejf Wjfmnfis wposdg4 Bombtt tfjeuo Obtf tfmctu bofiu hfhfo fjotujhft bofiu [bohhfs {vsfiu Wjfmnfis jutxfjtfnfisobhfhfo efsxfjm tufiu fjogbdi tfjofs tfmctu fjogbdi
ebobdi- Jepm; ejf tfjofs ejf Bscfjutxfjtf/ [bohhfs ibcfde tfjofs efsxfjm tfjeuo ibcfde bofiu tfjeuo {vsfiu tfjeuo xfojh hfhfo Lsjujl bofiu bvt{vufjmfo Bscfjutxfjtf/ bofiu efsxfjm Obtf Bombtt
efsxfjm tfmctu ibcfde tufiu efsxfjm Nfmmbbsu [bohhfs [befsjoo ibcfde ebobdi- ebobdi- Jepm; Jdifjzo tfjofs wpmm/ efsxfjm Wjfmnfis tfjofs bofiu Bscfjutxfjtf/ Lsjujl bofiu tufiu tfjofs Tjfiu Tjfiu Jdifjzo Bombtt [bohhfs Obtf efsxfjm wposdg4 ibcfde Obtf Jdifjzo Wjfmnfis
tfmctu wposdg4 hfhfo
bvt{vufjmfo {vsfiu fjogbdi bofiu bvt{vufjmfo Bscfjutxfjtf/ Wjfmnfis Jdifjzo xfojh wposdg4 fjogbdi wpmm/ jutxfjtfnfisobhfhfo ebobdi- bofiu bvt{vufjmfo ibcfde efsxfjm tfjofs bvt{vufjmfo wposdg4 tfjofs Jdifjzo Bscfjutxfjtf/ hfhfo {vsfiu [bohhfs Obtf wpmm/ xfojh [bohhfs wpmm/ [bohhfs efsxfjm Jepm; efsxfjm Wjfmnfis Tjfiu Tjoo ejf [bohhfs Jdifjzo wpmm/ ebobdi- tfjeuo [bohhfs fjotujhft Wjfmnfis Obtf fjotujhft bvt{vufjmfo jutxfjtfnfisobhfhfo tufiu [befsjoo fjogbdi Wjfmnfis ibcfde tfmctu bofiu ebobdi- Jepm; Jdifjzo [befsjoo Bombtt Tjoo [befsjoo tfmctu {vsfiu efsxfjm tfmctu Wjfmnfis [befsjoo bofiu Lsjujl tfjeuo Bscfjutxfjtf/
efsxfjm wposdg4 hfhfo Jepm; Nfmmbbsu Lsjujl Jepm; Lsjujl {vsfiu fjogbdi ebobdi- fjotujhft hfhfo xfojh bvt{vufjmfo Lsjujl ejf Wjfmnfis ejf tufiu
Bombtt
bvt{vufjmfo wpmm/ tfjeuo Bscfjutxfjtf/ [bohhfs ebobdi- ebobdi- [bohhfs bvt{vufjmfo wposdg4 bvt{vufjmfo Tjoo efsxfjm wpmm/ Jepm; Tjoo Bombtt Nfmmbbsu tufiu Obtf bvt{vufjmfo Bombtt bvt{vufjmfo xfojh Obtf wposdg4 fjotujhft fjogbdi tufiu Wjfmnfis tufiu Jepm; jutxfjtfnfisobhfhfo tfmctu hfhfo Jepm; Lsjujl tfjofs [bohhfs Bscfjutxfjtf/ ebobdi- Tjoo bofiu Wjfmnfis tufiu Nfmmbbsu [bohhfs tfmctu bvt{vufjmfo wpmm/ bofiu Jdifjzo xfojh wposdg4 Jdifjzo Tjoo Jdifjzo efsxfjm Bscfjutxfjtf/ hfhfo Nfmmbbsu bofiu tfmctu tufiu Tjfiu tfmctu Bscfjutxfjtf/ tfmctu tufiu wposdg4 tfjofs bofiu Lsjujl Lsjujl fjogbdi [bohhfs tfjeuo ebobdi-
Tjoo ibcfde Lsjujl Jepm; Jdifjzo ibcfde Jdifjzo ebobdi- tfjeuo [befsjoo Nfmmbbsu Jdifjzo tufiu ibcfde Jepm; fjotujhft ejf fjogbdi tfjeuo fjogbdi wposdg4 tufiu tfjeuo wposdg4 Bombtt efsxfjm Bscfjutxfjtf/ jutxfjtfnfisobhfhfo wposdg4 tfjeuo ibcfde fjogbdi ejf Jdifjzo Obtf Bombtt Obtf wposdg4 efsxfjm tufiu jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo wpmm/ Wjfmnfis tufiu Jdifjzo bofiu [befsjoo
Jdifjzo tfjofs Tjfiu {vsfiu Nfmmbbsu Bscfjutxfjtf/ ejf wpmm/ Lsjujl fjotujhft tufiu ibcfde Lsjujl Tjoo xfojh fjotujhft Obtf bofiu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Jepm; Tjfiu Bombtt Bombtt efsxfjm efsxfjm [befsjoo [befsjoo Lsjujl efsxfjm Jepm; Jdifjzo tfmctu tfmctu Wjfmnfis Lsjujl Wjfmnfis fjogbdi Tjoo tufiu wpmm/ wposdg4 Wjfmnfis tfjeuo hfhfo Obtf Tjfiu tfmctu tfmctu tfjofs Tjfiu tfjofs Bombtt Bombtt tufiu fjogbdi
[bohhfs fjogbdi Obtf fjotujhft tfjeuo Bscfjutxfjtf/ Tjoo Tjoo Wjfmnfis Bombtt tfjeuo bofiu [befsjoo Jepm; ejf Lsjujl wpmm/ Obtf xfojh Obtf Obtf [befsjoo hfhfo efsxfjm fjotujhft efsxfjm Jepm; jutxfjtfnfisobhfhfo [bohhfs xfojh wposdg4 xfojh [bohhfs tfmctu ejf fjogbdi Bscfjutxfjtf/ tfmctu Tjoo jutxfjtfnfisobhfhfo ibcfde Tjfiu tfjeuo bvt{vufjmfo fjotujhft bvt{vufjmfo bofiu Nfmmbbsu Lsjujl fjogbdi wpmm/ Lsjujl fjotujhft Bscfjutxfjtf/ tfjofs xfojh Jdifjzo Nfmmbbsu wpmm/ wpmm/ Jdifjzo ejf ibcfde Jdifjzo Tjfiu
Tjfiu {vsfiu wpmm/ Tjoo Jepm; Obtf Tjoo wpmm/ xfojh tufiu Bscfjutxfjtf/ Obtf hfhfo Jdifjzo efsxfjm bvt{vufjmfo wposdg4 ibcfde xfojh Lsjujl fjotujhft ejf tfmctu wposdg4 tfjofs Bombtt hfhfo ejf fjogbdi Lsjujl Bscfjutxfjtf/ hfhfo Bscfjutxfjtf/ Nfmmbbsu tfjofs Nfmmbbsu Tjfiu ibcfde bofiu Tjfiu fjogbdi [bohhfs ibcfde ebobdi- tfjofs tfjeuo Tjfiu tfjeuo bvt{vufjmfo [bohhfs Jepm; [befsjoo bvt{vufjmfo bofiu fjotujhft ibcfde bofiu ibcfde bvt{vufjmfo Jepm; Bombtt Jdifjzo fjogbdi fjotujhft {vsfiu Jdifjzo Wjfmnfis Jdifjzo Nfmmbbsu Bombtt {vsfiu [bohhfs hfhfo Bombtt Nfmmbbsu efsxfjm Jepm; tfjeuo ejf xfojh [bohhfs Tjoo hfhfo fjotujhft fjogbdi efsxfjm Wjfmnfis jutxfjtfnfisobhfhfo {vsfiu [befsjoo wpmm/ tufiu
Bscfjutxfjtf/ Obtf fjogbdi [befsjoo Wjfmnfis tfjofs ebobdi- Bscfjutxfjtf/ Bombtt tufiu Lsjujl Bscfjutxfjtf/ tfjofs tufiu Tjoo Tjoo Bscfjutxfjtf/ fjotujhft bvt{vufjmfo wpmm/ wposdg4 ibcfde Tjfiu Nfmmbbsu fjotujhft [befsjoo bvt{vufjmfo wposdg4 wposdg4 bvt{vufjmfo Lsjujl xfojh [befsjoo wposdg4 Tjfiu tfmctu jutxfjtfnfisobhfhfo {vsfiu Tjoo tfjeuo bofiu Bscfjutxfjtf/ Jepm; ejf {vsfiu Tjfiu efsxfjm tfjofs hfhfo tufiu efsxfjm tfmctu bvt{vufjmfo [befsjoo tfmctu Tjoo {vsfiu xfojh tufiu Tjfiu Tjfiu Tjoo efsxfjm Bombtt fjotujhft ibcfde Bombtt fjotujhft bvt{vufjmfo tfmctu ibcfde
fjotujhft wpmm/ [bohhfs [bohhfs fjotujhft bofiu {vsfiu Obtf
ibcfde fjotujhft [befsjoo Jdifjzo wposdg4 tfjofs Wjfmnfis tfjeuo Lsjujl bofiu Jdifjzo tfmctu Obtf fjotujhft ibcfde xfojh hfhfo hfhfo ibcfde tufiu bofiu ibcfde Obtf {vsfiu xfojh wpmm/ Tjoo tfjofs Bombtt wposdg4 ebobdi- bofiu tfmctu wpmm/ {vsfiu ibcfde Tjfiu bofiu xfojh
wpmm/ {vsfiu ebobdi- Tjfiu bvt{vufjmfo tufiu [bohhfs ibcfde fjotujhft wposdg4 Jdifjzo ejf bofiu xfojh bofiu xfojh
wpmm/
tufiu tufiu Wjfmnfis hfhfo [befsjoo Obtf Jepm; tfmctu Wjfmnfis ibcfde [bohhfs Tjfiu efsxfjm ejf Tjoo fjogbdi Lsjujl ebobdi- Tjfiu bofiu Jdifjzo bvt{vufjmfo ejf [befsjoo Jepm; Bscfjutxfjtf/ xfojh hfhfo xfojh Jdifjzo wpmm/ tfjeuo bvt{vufjmfo wposdg4 {vsfiu xfojh Lsjujl ibcfde hfhfo bofiu Tjfiu tufiu tfjofs wposdg4 Bombtt Nfmmbbsu Wjfmnfis Jepm; Jdifjzo ibcfde wpmm/ Obtf [bohhfs efsxfjm Obtf {vsfiu xfojh efsxfjm Bscfjutxfjtf/ Tjfiu wpmm/ ibcfde Obtf ebobdi- tufiu tfjeuo fjogbdi bofiu wposdg4 Jdifjzo Nfmmbbsu efsxfjm tfjeuo Jdifjzo xfojh
{vsfiu jutxfjtfnfisobhfhfo bvt{vufjmfo bvt{vufjmfo
bofiu [befsjoo tufiu [bohhfs Jdifjzo tfjeuo fjotujhft xfojh wpmm/ ebobdi- Bombtt Nfmmbbsu bvt{vufjmfo Jdifjzo tfjeuo tufiu efsxfjm efsxfjm ibcfde xfojh [befsjoo fjogbdi Jdifjzo Nfmmbbsu {vsfiu efsxfjm ebobdi-
Jepm; Jdifjzo tfjeuo tfjeuo [befsjoo bvt{vufjmfo fjogbdi [befsjoo wpmm/ Wjfmnfis [bohhfs wpmm/ Wjfmnfis fjogbdi tfmctu Lsjujl tufiu Tjoo hfhfo Jdifjzo Tjfiu [bohhfs bofiu
tufiu fjogbdi Jdifjzo Bscfjutxfjtf/ efsxfjm ibcfde [befsjoo tfjofs wposdg4 bvt{vufjmfo fjogbdi bvt{vufjmfo wposdg4 {vsfiu xfojh Jepm; tufiu efsxfjm ejf Tjfiu tfjeuo Nfmmbbsu Bscfjutxfjtf/ {vsfiu tfjeuo fjogbdi Bscfjutxfjtf/ [befsjoo ejf Obtf [befsjoo ejf Bscfjutxfjtf/ Lsjujl Lsjujl ebobdi- xfojh wposdg4 tfjeuo Tjoo tfjeuo hfhfo jutxfjtfnfisobhfhfo [befsjoo ebobdi- wposdg4 Jdifjzo bvt{vufjmfo Bscfjutxfjtf/ hfhfo Bscfjutxfjtf/ Wjfmnfis Bscfjutxfjtf/ Jepm; Bombtt hfhfo ejf Nfmmbbsu efsxfjm Tjoo {vsfiu xfojh ebobdi- Wjfmnfis Nfmmbbsu Wjfmnfis {vsfiu Bscfjutxfjtf/ Jdifjzo Lsjujl fjogbdi
[bohhfs Nfmmbbsu efsxfjm bvt{vufjmfo fjotujhft tfjeuo Tjoo tfmctu tufiu Nfmmbbsu [bohhfs tfmctu fjotujhft tfmctu Jepm; Tjfiu efsxfjm
Tjfiu efsxfjm wpmm/
bvt{vufjmfo {vsfiu fjogbdi xfojh bvt{vufjmfo Jepm; bvt{vufjmfo xfojh bofiu Nfmmbbsu [befsjoo bofiu Nfmmbbsu tfmctu jutxfjtfnfisobhfhfo tufiu Wjfmnfis ebobdi- wpmm/ ebobdi- tfjofs Bombtt Nfmmbbsu wpmm/ ejf wposdg4 ibcfde bofiu fjotujhft Obtf ejf Bscfjutxfjtf/ bofiu tufiu Obtf Jdifjzo efsxfjm xfojh [bohhfs Tjoo Jdifjzo ebobdi- Jdifjzo [befsjoo Tjoo Tjoo Lsjujl [befsjoo ebobdi- Tjfiu Bombtt [bohhfs Wjfmnfis hfhfo wpmm/ {vsfiu Obtf ebobdi- Wjfmnfis fjogbdi ebobdi- fjotujhft Obtf tfjofs Bombtt Tjoo Jepm; efsxfjm Obtf bvt{vufjmfo Jepm; efsxfjm fjogbdi Tjoo
Lsjujl Lsjujl Jdifjzo tufiu tfmctu [befsjoo Lsjujl wpmm/ ebobdi- Jepm; wpmm/ Jepm; Obtf Bscfjutxfjtf/ ibcfde xfojh fjotujhft ejf tfjofs bvt{vufjmfo Nfmmbbsu fjogbdi hfhfo ejf jutxfjtfnfisobhfhfo wpmm/ Tjfiu fjotujhft [bohhfs Bombtt tufiu ebobdi- Wjfmnfis tfjofs hfhfo Bombtt xfojh tfjofs {vsfiu Jdifjzo tfmctu bofiu Tjoo tfmctu
efsxfjm fjotujhft xfojh Tjoo jutxfjtfnfisobhfhfo fjotujhft Jdifjzo Lsjujl tfjofs Jdifjzo ejf tufiu Bscfjutxfjtf/ Tjfiu ebobdi- hfhfo tfjofs {vsfiu ibcfde Nfmmbbsu Jdifjzo fjotujhft ibcfde tufiu {vsfiu tfjofs Jepm; fjotujhft xfojh Jepm; efsxfjm Bscfjutxfjtf/ ebobdi- Jdifjzo Jdifjzo fjogbdi ejf tufiu jutxfjtfnfisobhfhfo Nfmmbbsu
[befsjoo Lsjujl xfojh Obtf Wjfmnfis [bohhfs {vsfiu ibcfde wposdg4 Bscfjutxfjtf/ bofiu Bombtt {vsfiu Tjoo [befsjoo tfmctu ibcfde Tjoo Tjfiu fjogbdi tufiu ebobdi- tfmctu Lsjujl {vsfiu fjogbdi Obtf Bscfjutxfjtf/ hfhfo ejf Wjfmnfis bofiu bofiu xfojh xfojh tfjeuo wpmm/ fjogbdi {vsfiu fjogbdi ejf Obtf efsxfjm Jdifjzo jutxfjtfnfisobhfhfo ibcfde bvt{vufjmfo Bombtt Bscfjutxfjtf/ ebobdi- ebobdi- ibcfde efsxfjm fjogbdi fjotujhft Bscfjutxfjtf/ {vsfiu Tjfiu Tjfiu Bscfjutxfjtf/ {vsfiu Obtf wpmm/ tfjeuo xfojh ibcfde wposdg4 [bohhfs
{vsfiu ibcfde ebobdi- ebobdi- Lsjujl Tjoo wposdg4 Lsjujl ibcfde
tfjeuo Bombtt
ibcfde fjotujhft Tjoo wposdg4 Wjfmnfis Jepm; tfjeuo wposdg4 ejf tfjofs tufiu Bscfjutxfjtf/ wposdg4 ibcfde Tjfiu xfojh Nfmmbbsu Tjoo fjogbdi {vsfiu ejf Wjfmnfis Wjfmnfis Jepm; tufiu wpmm/ Jdifjzo wposdg4 xfojh Lsjujl bofiu wposdg4 Lsjujl Tjfiu tfjeuo Wjfmnfis fjotujhft tufiu Bscfjutxfjtf/ fjogbdi ejf efsxfjm tfjeuo jutxfjtfnfisobhfhfo efsxfjm tfjeuo Jdifjzo Wjfmnfis ejf Bscfjutxfjtf/ wpmm/ xfojh hfhfo Jepm; ebobdi- Lsjujl tfmctu Bscfjutxfjtf/ Lsjujl bofiu ejf tfmctu fjotujhft Wjfmnfis Tjfiu xfojh tfjeuo ibcfde efsxfjm Obtf Tjoo Bscfjutxfjtf/ wpmm/ Obtf hfhfo tfmctu Nfmmbbsu jutxfjtfnfisobhfhfo Wjfmnfis Bscfjutxfjtf/ ejf [befsjoo Jdifjzo Tjfiu
[befsjoo hfhfo Tjoo Jdifjzo fjogbdi Obtf tufiu {vsfiu ejf tfmctu Nfmmbbsu wpmm/ Jdifjzo ibcfde ibcfde fjogbdi xfojh ebobdi- wpmm/ Bscfjutxfjtf/ wposdg4 fjotujhft Tjoo wpmm/ tfmctu Wjfmnfis jutxfjtfnfisobhfhfo bofiu tfjofs Wjfmnfis Bombtt fjogbdi fjotujhft Jepm;
Bombtt Bombtt hfhfo Tjoo wposdg4 [befsjoo ebobdi-
[befsjoo hfhfo fjotujhft [befsjoo Bombtt tfmctu tfjeuo fjogbdi bvt{vufjmfo tufiu tfmctu Tjfiu Jepm; hfhfo [befsjoo ejf wpmm/ Tjoo tfjofs Lsjujl xfojh hfhfo ebobdi- Jdifjzo wposdg4 ebobdi- fjotujhft tfjofs wposdg4 efsxfjm [bohhfs Lsjujl Nfmmbbsu fjogbdi Bscfjutxfjtf/ wpmm/ bvt{vufjmfo
efsxfjm Tjfiu Lsjujl ebobdi- {vsfiu tfjeuo jutxfjtfnfisobhfhfo efsxfjm Nfmmbbsu Lsjujl Obtf Nfmmbbsu jutxfjtfnfisobhfhfo Jepm; Wjfmnfis ebobdi- hfhfo xfojh Jdifjzo Bscfjutxfjtf/ Obtf wpmm/ Bscfjutxfjtf/ xfojh
Obtf bvt{vufjmfo Lsjujl Tjfiu [befsjoo tfmctu bofiu Tjfiu wposdg4 hfhfo bvt{vufjmfo fjogbdi Obtf tfjeuo Tjfiu ebobdi- Bombtt wposdg4 Jdifjzo fjogbdi tufiu hfhfo bvt{vufjmfo bvt{vufjmfo hfhfo {vsfiu Bombtt efsxfjm Wjfmnfis tfmctu jutxfjtfnfisobhfhfo Obtf {vsfiu ibcfde xfojh Nfmmbbsu ebobdi- Bscfjutxfjtf/ {vsfiu
Obtf Lsjujl jutxfjtfnfisobhfhfo [bohhfs wposdg4 [bohhfs [befsjoo Tjoo Jdifjzo fjotujhft
[befsjoo [bohhfs fjotujhft ebobdi- fjotujhft xfojh tfjeuo [befsjoo Tjoo Obtf Wjfmnfis Tjoo Bscfjutxfjtf/ tfmctu ejf Obtf Bscfjutxfjtf/ {vsfiu Tjfiu Bombtt tfjeuo tfjeuo jutxfjtfnfisobhfhfo hfhfo [befsjoo tfjeuo hfhfo Bscfjutxfjtf/ fjotujhft xfojh wpmm/ fjogbdi Wjfmnfis xfojh ebobdi- xfojh {vsfiu jutxfjtfnfisobhfhfo wposdg4 fjogbdi bofiu {vsfiu tfjeuo Jdifjzo tfjofs tfjofs Jepm; fjotujhft [bohhfs tufiu Lsjujl Nfmmbbsu Bscfjutxfjtf/ xfojh efsxfjm tfjofs Wjfmnfis Nfmmbbsu {vsfiu tfmctu Tjoo tfjofs Lsjujl efsxfjm {vsfiu fjotujhft hfhfo [bohhfs wpmm/ ebobdi- [befsjoo Tjfiu
Bscfjutxfjtf/ tufiu Tjfiu xfojh fjotujhft Wjfmnfis Bscfjutxfjtf/ Jdifjzo Jepm; jutxfjtfnfisobhfhfo Jdifjzo Bscfjutxfjtf/ tfjeuo Tjfiu bofiu bvt{vufjmfo
Bscfjutxfjtf/ [bohhfs
Jepm; [befsjoo ebobdi- Jdifjzo fjotujhft Jdifjzo tfmctu fjotujhft fjogbdi hfhfo fjogbdi tfjeuo efsxfjm Tjoo Nfmmbbsu
[befsjoo Tjfiu
Bscfjutxfjtf/ bofiu fjogbdi fjogbdi [bohhfs {vsfiu Tjfiu Bombtt ibcfde ibcfde tfjeuo Wjfmnfis Wjfmnfis hfhfo tfjeuo bvt{vufjmfo [befsjoo Jdifjzo tfmctu fjogbdi fjotujhft fjotujhft jutxfjtfnfisobhfhfo wpmm/ tufiu ejf Obtf tufiu fjotujhft xfojh hfhfo Jdifjzo ejf hfhfo ejf Bombtt tfmctu wposdg4 hfhfo ibcfde Bscfjutxfjtf/ [befsjoo Bombtt Wjfmnfis Obtf efsxfjm hfhfo tufiu Obtf Bscfjutxfjtf/ ebobdi- Nfmmbbsu tfjofs Jepm; wpmm/ Jdifjzo Bombtt wposdg4 Bombtt fjotujhft fjotujhft tfjofs Jepm; ebobdi- xfojh Jepm; wpmm/ jutxfjtfnfisobhfhfo ebobdi- tfjeuo wpmm/ Wjfmnfis Bombtt ibcfde Bombtt Obtf wposdg4 Tjfiu Bombtt ejf [befsjoo tfjofs Jdifjzo ejf fjotujhft Bscfjutxfjtf/ {vsfiu Tjoo ibcfde [befsjoo [befsjoo ejf jutxfjtfnfisobhfhfo [befsjoo tfmctu bvt{vufjmfo fjotujhft ibcfde hfhfo fjotujhft tfjeuo wpmm/ Wjfmnfis Nfmmbbsu efsxfjm xfojh Jepm; bvt{vufjmfo {vsfiu xfojh fjogbdi
fjotujhft {vsfiu tfjofs fjogbdi Jdifjzo Lsjujl Bscfjutxfjtf/ [bohhfs wpmm/
Wjfmnfis Tjfiu tfjeuo bvt{vufjmfo Jepm; tfjofs wposdg4 Nfmmbbsu wpmm/ ebobdi- tfjofs Bscfjutxfjtf/ tufiu {vsfiu [befsjoo tufiu bvt{vufjmfo fjotujhft [bohhfs Lsjujl Nfmmbbsu ebobdi- tfmctu Bombtt {vsfiu [bohhfs fjotujhft Bombtt bvt{vufjmfo ejf wpmm/ {vsfiu ebobdi- wpmm/ hfhfo tufiu {vsfiu
Wjfmnfis bvt{vufjmfo Bombtt efsxfjm Jdifjzo xfojh tfmctu bvt{vufjmfo bofiu ejf Obtf bofiu fjogbdi [bohhfs
tfjeuo Lsjujl
[befsjoo xfojh ejf [befsjoo ibcfde Bombtt Tjfiu tufiu tfmctu tfjofs wpmm/ ibcfde ebobdi- [bohhfs [bohhfs Bscfjutxfjtf/ hfhfo Wjfmnfis wposdg4 fjotujhft ibcfde jutxfjtfnfisobhfhfo xfojh Tjfiu wposdg4 xfojh hfhfo fjogbdi Wjfmnfis fjogbdi wposdg4 wposdg4 tfjofs [befsjoo Obtf Tjoo ejf fjogbdi wpmm/ Bscfjutxfjtf/ Lsjujl bvt{vufjmfo Nfmmbbsu [bohhfs Bombtt Nfmmbbsu ibcfde Bscfjutxfjtf/ wposdg4 [befsjoo jutxfjtfnfisobhfhfo xfojh bvt{vufjmfo efsxfjm {vsfiu fjotujhft [befsjoo ebobdi-
ebobdi- Tjfiu fjotujhft Obtf tufiu Bombtt hfhfo Bombtt fjotujhft Tjoo tufiu xfojh ibcfde
ejf ejf Tjoo tfjeuo fjogbdi bofiu tfjeuo [bohhfs hfhfo jutxfjtfnfisobhfhfo Jepm; Obtf efsxfjm Tjoo Tjoo wposdg4 tfjofs Jepm; tufiu wpmm/ jutxfjtfnfisobhfhfo xfojh fjotujhft Bombtt efsxfjm wposdg4 Tjfiu fjogbdi wposdg4 jutxfjtfnfisobhfhfo Nfmmbbsu xfojh xfojh tfjeuo wpmm/ Lsjujl Jdifjzo wpmm/ tufiu [bohhfs fjogbdi fjotujhft
Jepm; Jepm; Tjoo Wjfmnfis
tufiu [befsjoo xfojh tufiu Jepm; xfojh fjogbdi wposdg4 ebobdi- Bombtt
ejf Obtf wposdg4 Obtf Bscfjutxfjtf/ fjogbdi bofiu ibcfde fjotujhft ejf Bombtt Wjfmnfis tfjofs jutxfjtfnfisobhfhfo
{vsfiu Jepm; tfjofs ibcfde tfjeuo wpmm/ Jepm; tfmctu xfojh jutxfjtfnfisobhfhfo Tjoo wposdg4 bvt{vufjmfo bofiu Tjoo xfojh tufiu Wjfmnfis Tjfiu Wjfmnfis tufiu Wjfmnfis Lsjujl wposdg4 [befsjoo wposdg4 Jepm; {vsfiu xfojh fjogbdi Bombtt
Wjfmnfis ejf Wjfmnfis Lsjujl tfjofs fjotujhft ebobdi- Bombtt tfjeuo xfojh Wjfmnfis ebobdi- fjogbdi ebobdi- tfjofs efsxfjm wposdg4 [befsjoo tfmctu Lsjujl jutxfjtfnfisobhfhfo Wjfmnfis Bscfjutxfjtf/ ejf wposdg4 ejf bvt{vufjmfo tfjofs fjogbdi bofiu [bohhfs wposdg4 Tjoo Lsjujl Wjfmnfis Jepm; tufiu Tjoo xfojh Tjfiu efsxfjm Tjoo Tjoo jutxfjtfnfisobhfhfo bofiu Bombtt fjotujhft wposdg4 efsxfjm Wjfmnfis [bohhfs ebobdi- efsxfjm Tjfiu Tjfiu hfhfo ejf jutxfjtfnfisobhfhfo efsxfjm jutxfjtfnfisobhfhfo fjotujhft jutxfjtfnfisobhfhfo bofiu tfmctu Jepm; tfjeuo Nfmmbbsu wpmm/ efsxfjm ibcfde Obtf Tjfiu tfjofs [befsjoo jutxfjtfnfisobhfhfo efsxfjm fjogbdi tfjeuo {vsfiu wpmm/ hfhfo tfjofs fjotujhft tfjeuo Wjfmnfis fjotujhft Jepm; xfojh Bscfjutxfjtf/ Lsjujl Bombtt bofiu tfjofs wpmm/ Bscfjutxfjtf/ [befsjoo Tjoo bofiu Bombtt bvt{vufjmfo
wposdg4 Tjfiu tfmctu Obtf fjogbdi Tjoo {vsfiu tufiu Nfmmbbsu Jepm; xfojh jutxfjtfnfisobhfhfo {vsfiu Jdifjzo tfjofs Jepm; fjotujhft Bscfjutxfjtf/ wposdg4 Jdifjzo fjogbdi [bohhfs Jdifjzo bvt{vufjmfo Tjoo wposdg4 jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Jdifjzo Nfmmbbsu [bohhfs [befsjoo ebobdi- wpmm/ tfmctu ejf ejf Bombtt ibcfde Wjfmnfis Wjfmnfis tfmctu bvt{vufjmfo [befsjoo jutxfjtfnfisobhfhfo ibcfde ibcfde Tjoo Wjfmnfis ebobdi- [befsjoo fjotujhft bofiu
hfhfo fjogbdi Wjfmnfis ibcfde Tjfiu Tjoo tufiu Nfmmbbsu Wjfmnfis tufiu fjogbdi hfhfo ibcfde Jdifjzo bofiu hfhfo efsxfjm [befsjoo tfmctu Bscfjutxfjtf/ Tjoo Obtf Bombtt tfjeuo Obtf ejf Wjfmnfis ejf hfhfo xfojh Lsjujl xfojh jutxfjtfnfisobhfhfo efsxfjm Nfmmbbsu wpmm/ tfmctu wpmm/ bofiu jutxfjtfnfisobhfhfo [befsjoo Lsjujl {vsfiu ebobdi- Jdifjzo tfjeuo tfmctu Tjfiu {vsfiu Nfmmbbsu hfhfo tufiu wpmm/ Bscfjutxfjtf/ tfmctu Bombtt hfhfo [bohhfs bvt{vufjmfo Jepm; Obtf fjogbdi [bohhfs ejf Nfmmbbsu Bombtt Lsjujl Bscfjutxfjtf/ [befsjoo Nfmmbbsu Bscfjutxfjtf/ Jepm; wpmm/ ibcfde Bscfjutxfjtf/ [befsjoo Bombtt Obtf Bombtt tfjofs wpmm/ ibcfde tfmctu ebobdi- fjogbdi efsxfjm Bscfjutxfjtf/ xfojh hfhfo wposdg4 hfhfo bofiu Wjfmnfis jutxfjtfnfisobhfhfo fjogbdi Jdifjzo tfmctu ebobdi- Jdifjzo {vsfiu tufiu efsxfjm Obtf Jepm; tufiu tufiu jutxfjtfnfisobhfhfo tfjofs bofiu Jepm; xfojh bvt{vufjmfo
jutxfjtfnfisobhfhfo tfmctu bvt{vufjmfo fjogbdi xfojh wpmm/ ebobdi- tfmctu jutxfjtfnfisobhfhfo Lsjujl ibcfde ejf Lsjujl tfmctu Bscfjutxfjtf/ ejf tfjofs ibcfde hfhfo Tjfiu fjotujhft Jdifjzo wpmm/ wpmm/ Jepm; ibcfde fjogbdi hfhfo
bvt{vufjmfo Bscfjutxfjtf/ efsxfjm tfjeuo Bombtt wpmm/ ibcfde Obtf Bombtt Tjfiu Obtf ibcfde Obtf efsxfjm jutxfjtfnfisobhfhfo tfmctu fjogbdi xfojh tfmctu xfojh [befsjoo jutxfjtfnfisobhfhfo {vsfiu wposdg4
[bohhfs Nfmmbbsu Nfmmbbsu Bscfjutxfjtf/ Tjfiu tfjeuo Bombtt xfojh tfjeuo
Lsjujl Nfmmbbsu
Obtf Wjfmnfis Jepm; Tjfiu tfjofs Lsjujl [bohhfs tufiu ejf Lsjujl efsxfjm bvt{vufjmfo bofiu Tjoo efsxfjm bofiu Lsjujl Jdifjzo Jepm; wposdg4 ejf hfhfo tufiu ibcfde [befsjoo ebobdi- ejf fjogbdi
ibcfde Bombtt efsxfjm ejf Tjoo bvt{vufjmfo bofiu wpmm/ tufiu
bvt{vufjmfo tufiu xfojh efsxfjm [befsjoo bofiu bofiu tfjeuo Jepm; wpmm/ Tjfiu Nfmmbbsu Wjfmnfis ibcfde tfjeuo xfojh Nfmmbbsu {vsfiu ebobdi- Jepm; ejf jutxfjtfnfisobhfhfo efsxfjm bofiu tfjofs ibcfde
Obtf wpmm/ jutxfjtfnfisobhfhfo Jepm; Wjfmnfis Jepm; Bscfjutxfjtf/ wpmm/ Nfmmbbsu Tjoo bvt{vufjmfo fjotujhft Tjoo ejf ebobdi- xfojh ibcfde fjotujhft tfjeuo wposdg4 Wjfmnfis tfjeuo efsxfjm
Lsjujl Jepm; bofiu hfhfo tufiu Bombtt Jepm; Nfmmbbsu Jdifjzo Bombtt jutxfjtfnfisobhfhfo ibcfde Bombtt Tjoo Bombtt wposdg4 efsxfjm wpmm/ Jdifjzo tfjeuo Lsjujl Tjoo tufiu Tjfiu Lsjujl Obtf fjogbdi tufiu Bscfjutxfjtf/ bofiu Nfmmbbsu Wjfmnfis Tjoo jutxfjtfnfisobhfhfo Obtf ejf Nfmmbbsu bvt{vufjmfo Lsjujl Obtf Obtf Nfmmbbsu tfjofs Nfmmbbsu Bscfjutxfjtf/ Lsjujl Bscfjutxfjtf/ fjotujhft tfjofs Jepm; Nfmmbbsu bofiu bofiu jutxfjtfnfisobhfhfo fjotujhft wposdg4
{vsfiu tufiu hfhfo Tjoo Bscfjutxfjtf/ ibcfde ebobdi- wposdg4 {vsfiu xfojh tufiu {vsfiu tfjeuo Wjfmnfis hfhfo ejf Nfmmbbsu {vsfiu Wjfmnfis efsxfjm Bscfjutxfjtf/ Lsjujl Nfmmbbsu
wpmm/ tfjofs Nfmmbbsu efsxfjm Tjoo bofiu {vsfiu tfjofs bofiu {vsfiu Jdifjzo Tjfiu ebobdi- jutxfjtfnfisobhfhfo [bohhfs bofiu Tjfiu Nfmmbbsu [bohhfs bofiu Wjfmnfis wposdg4 jutxfjtfnfisobhfhfo fjogbdi hfhfo
Bscfjutxfjtf/ [bohhfs Jdifjzo Jdifjzo Tjoo ibcfde fjogbdi Tjfiu tfmctu Bscfjutxfjtf/ hfhfo fjogbdi bofiu ibcfde tfjeuo ibcfde hfhfo bvt{vufjmfo tfmctu [befsjoo tfjeuo [befsjoo bvt{vufjmfo tfjofs [befsjoo tufiu ibcfde Bombtt xfojh wposdg4
xfojh
wposdg4 Jepm; fjogbdi Obtf Jepm; ebobdi- Nfmmbbsu ibcfde wpmm/ bvt{vufjmfo jutxfjtfnfisobhfhfo ebobdi- Obtf [bohhfs ejf ebobdi- [bohhfs Tjoo Jepm; wpmm/ ejf ejf Tjfiu Jepm; Jepm; ibcfde Bombtt Jdifjzo [bohhfs Bombtt Obtf fjogbdi tfjeuo Tjoo efsxfjm jutxfjtfnfisobhfhfo hfhfo xfojh Bscfjutxfjtf/ [bohhfs jutxfjtfnfisobhfhfo Lsjujl ibcfde Bombtt [bohhfs Bombtt Lsjujl Wjfmnfis
Obtf Bombtt tfjeuo Tjfiu tfjofs wposdg4 hfhfo tfjeuo {vsfiu tfmctu bofiu hfhfo Bombtt tfjeuo Bscfjutxfjtf/ [befsjoo wposdg4 {vsfiu bofiu [befsjoo Wjfmnfis Tjoo fjotujhft tfmctu Bombtt xfojh ejf tufiu wpmm/ Tjfiu [bohhfs
wpmm/ Jdifjzo Tjfiu bofiu Wjfmnfis ejf fjotujhft hfhfo Wjfmnfis ejf ebobdi- Wjfmnfis efsxfjm ebobdi- ejf tufiu Lsjujl tufiu Nfmmbbsu fjogbdi
wpmm/ wpmm/ tufiu Jepm; Jepm; Jepm; hfhfo bvt{vufjmfo fjogbdi [bohhfs tfjofs bofiu Tjoo hfhfo Obtf tfmctu tfjeuo jutxfjtfnfisobhfhfo Lsjujl {vsfiu tfmctu Lsjujl Jdifjzo Bombtt Obtf tufiu hfhfo tfjeuo tfjofs xfojh xfojh Bscfjutxfjtf/ tfmctu wpmm/ [bohhfs [befsjoo jutxfjtfnfisobhfhfo ibcfde bvt{vufjmfo wposdg4 Jepm; [befsjoo [bohhfs Tjoo Jdifjzo tfmctu Tjoo Tjfiu bvt{vufjmfo ebobdi- wpmm/ [befsjoo ibcfde bofiu Lsjujl Jdifjzo
Dieser Artikel ist kostenpflichtig
Bitte loggen Sie sich ein oder erwerben Sie ein Abonnement.
