Lou Whiteman

This is a real weird world, Travis.

You were talking about it off-air that, if anything, a lot of the components, a lot of the inputs for these things are going up now because of scarcity.

That's supply and demand one-on-one.

Arguably, they're getting less bang for their buck

from the spending they're doing, yet they are having trouble charging for it.

John's right, the pie could go up.

It could be that it just eats all of software.

It could be that we begin to lay off 50%, 75% of our employees because we're spending on that too, so all of this money is freed up.

We don't have to get into whether or not that's a good

version of the future or not.

But the other answer here, maybe it is that, yes, this is right, the SaaS apocalypse is going to happen.

But the answer could be that it's like one of those bad movie scenes, collectively, everybody's just in a race and it ends with a huge cliff.

Yeah.

Let's be fair, it's usually one or two sectors that are leading the way.

It's very rare for everything to be up at once.

Whether it's masking or normal, it's good.

It's economic activity, that's what we need.

I would note, though, I'm still cautious.

Travis, I agree with you.

It might be too early to see the AI effects, so I don't want to be dismissive of AI just because we're not seeing it yet.