Great to see everyone, and I'm thrilled to be able to talk about the issue of the day,

and that is artificial intelligence and AI in our world.

David, Michael, I'd love you to talk about where we are right now

in terms of the pursuit to be the number one lead AI country.

How are we doing, David? I think we're doing great.

Maria, last year, President Trump gave a major AI policy speech just in July, and he declared

that the United States had to win the AI race. He had, first of all, declared that we were in one.

And I think his speech was reminiscent of when President Kennedy declared that we were

in a space race and had to win that race.

I think since then, what you've seen is that American companies have only innovated more.

You're seeing all sorts of really incredible products being released all the time.

I think that American AI models, chips, data centers only just keep getting better and better.

So I feel very good about the American position in this AI race. Certainly we have some very, you know, competent and formidable competitors.

China, obviously, has a lot of very smart people working in this area.

But I do think that just what you see from American companies in Silicon Valley right now is

really incredible.

And yet there are still so many questions about all of the spending underway to build this

out with regard to data centers.

And of course, the question keeps coming up.

Are we spending too much?

Will we get the return on investment?

How do you see that?

...