And what about the job losses that we've already seen recently, particularly in the tech sector?

There's been a series of material layoffs announced over the course of the last few months that have been attributable to AI.

Um, I don't have any inside knowledge about what's happening in these cases, but I, I will, I will share a few general observations.

The reality is we've been seeing layoffs happen in the technology industry for several years now, before ChatGPT.

And there was a phenomenon that has happened in the technology industry over the course of the last six years, which was that during COVID, uh, uh, during COVID, due to a really strong demand for digital products as well as low interest rates, low interest rates are really good for the technology industry, there was lots and lots and lots of hiring.

And there was hiring with the expectation that both the growth environment and the interest rate environment would maintain, and neither of those have maintained.

Interest rates have gone up.

Can you give me a practical example?