What do they mean by that?

Yeah, it's actually a phrase that quite a few people use.

So I thought I'd have to include that.

I don't know if they're sort of reading from the same script, but considering that you know obviously it's it's far away and in a completely different market it seems to have had you know pretty big impact on even sort of the smaller end of the market and what was interesting was that they were saying that it's not you know because obviously i don't know a small cap in the european industrial sector isn't a you know particularly direct competitor with anthropic but they're still competing for the same kind of airtime and attention from investors.

And whilst this, you know, anthropic is, you know, going on, grabbing headlines and also reviving just general talk about the broader AI trade, which has been, you know, facing some challenges recently.

These other companies are just sort of effectively deciding not to bring any deals at the moment because it's just competition for attention that they'd rather avoid unless they absolutely have to bring a deal at the moment.

specifically then because there have been a fair few deals going on in the emia market of late is there any evidence yet to suggest that deals like specific deals are being pulled or delayed or that those issuers are otherwise thinking twice about their original plans

Yeah, I mean, it wasn't to do necessarily with just AI.