Jim Power

Of course they will.

Of course they will.

Yeah, absolutely.

Absolutely.

Meanwhile, Chris, here in Ireland over the last few days, it's a global thing, but as it relates to Ireland, Oracle has announced it's cutting 150 jobs in Ireland, 15% of its workforce here, and it cites a cash crunch related to AI spending.

A Meta contractor here in Dublin, Covalent, C-O-V-A-L-E-N, it is letting 700 workers in Dublin go out of workforce of around 2,000, I think.

And this is a subsidiary of CPL that provides a range of services to Meta, including content moderation.

As I say, it's letting 700 of its workers go.

And it's because of... And Meta, of course, is about to announce...

10% of its global workforce.

That's 8,000 workers globally.

And the reason for that is because they have spent so much money on AI that they have to pay the bills somehow.

So we're seeing the indirect impact of the AI boom already starting to feed through.

But when the direct impact starts to feed through, you know, I dread to think where it's going.

Okay, Chris, a topic we will be returning to.

I think it's time for a little bit of a data dive.

I'll start with the Eurozone, if I may.

Earlier this week, we had the economic sentiment indicator released.

It fell from 96.2 to 93 in April.

And excluding Ireland, this is consistent with stagnation of growth in the Euro area.