Okay, so these are actually applications within factories where the robots are replacing the humans? Would you say that was the case?

Automation is increasingly a need and not a choice.

And the key driver there is demographics.

So in many major economies around the world, the population, the working age population is shrinking and aging.

And that impact is already being felt really clearly in Japan, but it's also starting to impact the U.S. and China.

And at the same time, economies are reshoring or nearshoring their supply chains.

And that involves a lot of uptake in manufacturing demand.

I mean, is this really an AI trade or is it more just the extension of automation? Where's AI involved here?

Okay, so these are actually applications within factories where the robots are replacing the humans? Would you say that was the case?

Automation is increasingly a need and not a choice.

And the key driver there is demographics.

So in many major economies around the world, the population, the working age population is shrinking and aging.

And that impact is already being felt really clearly in Japan, but it's also starting to impact the U.S. and China.

And at the same time, economies are reshoring or nearshoring their supply chains.

And that involves a lot of uptake in manufacturing demand.

I mean, is this really an AI trade or is it more just the extension of automation? Where's AI involved here?