Scott, your brilliant read of the landscape is also colored by your pre-New York bias against tech and in favor of the old suits who fear losing control of the global economy. Just re-watch Succession for a vivid illustration of the dinosaur thinking that powers the anti-tech lobby. AI is inevitable, and America is fortunate to be play host to Silicon Valley, where more than half of the world tech innovation comes from. China will be delighted to take over this mantle if we decide to go all European and legislate ourselves out of pole position. Yes we need guardrails, but we don't need to follow the EU into petty hate-the-rich legislation.