Well, in the end, something has to transform electrons to tokens. That transformation, there's no— the transformation of electrons to tokens and making those tokens more valuable over time, I think that that's hard to hard to completely commoditize.

It is very likely the number of instances of Synopsys Design Compiler is gonna skyrocket. And the number of, number of agents that are gonna be using the floor planners and all of our layout tools and our design, design rule checkers... the number of agents that are today, we're limited by the number of engineers.

I'm not gonna make that same mistake again. And, I'm delighted to invest in OpenAI and, and I'm delighted to, to help them scale. And I believe it's essential to do so.

We've seen the valuations of a bunch of software companies crash because people are expecting AI to commoditize software.

for a long time, co-OS was rather specialty, and HBM memory was rather specialty, but they're not specialties anymore. People now realize they're mainstream computing technology.

the investments that we've done with Lumentum and Coherent and all of the silicon photonics ecosystem, the last several years, we really reshaped the ecosystem and the supply chain, silicon photonics.