Jason Moser

Okay.

And again, I get the thesis and I get the idea that AI is doing a lot of the things.

I love making funny pictures that I didn't know how to do in Adobe.

two years ago, and now I can just have Gemini do it for me.

I don't think the professional crowd is going to be satisfied with what I find funny.

The old bull case for Adobe was, people like me would eventually buy their watered-down products, and that's how they'd grow their market.

I think that bull case is dead.

I think that people like me will just use AI as long as it's free.

But I think that Adobe is such a trusted name with its core audience, these professionals.

Adobe is using AI to improve its products.

I don't see...

the professional crowd just saying, you know what, free AI is good enough, or even AI I'm paying for that isn't customized to what I want for a long time.

I think Adobe outruns the AI here, and I do think it's a value.

Maybe.

I mean, the funny thing here is that, yeah, I mean, we are so focused on the downside.

There is a lot of different ways this goes.

If nothing else, let's just not, and this is back to the conversation about ServiceNow, let's not just not assume the default is the worst case scenario.

And I feel like the market has in some of these, there's a lot of ways this could go out.

Some of them, as you say, could be positive.

Yeah.