Jim Kavanaugh

Now, I think your second question had something to do, I think, around labor or human capital, etc.

I think around technology and Gen AI.

Gen AI will influence every workflow, every job, every skill in every industry, without a doubt.

By the way, revert back to your first part A question.

In all of those technological inflection shifts that have happened, we have gotten more GDP growth.

We have gotten more labor and human capital growth.

Is it in the same areas and disciplines?

No.

Because the value equation has to change.

New industries were created.

New markets were created.

New companies were created.

New skills, new job disciplines were created.

And that's the evolution, I think, naturally of what technology does.

I think the same thing is going to happen with AI overall.

AI will influence.

Now you bring it back, and I think I remember your third part of your equation around consulting.

By the way, I would argue today that is a huge differentiator in the IBM company because we are the only integrated information technology company that brings an innovative tech stack across hardware, software, services, platforms, AI, hybrid cloud, quantum, with a consulting business at scale

across 175 countries that drives platform adoption and scale overall.

I will tell you in AI, let me bring it home to myself, because not only as CFO, I have the fiduciary responsibilities for the company.