I think it's kind of the expected shift, right? And so if you look at the Chinese internet or software ecosystem, it's always been walled off from the US. So that gave a lot of room for local incumbents to grow up and really become the dominant platforms in these countries. It'd be surprising if the Chinese didn't invest very heavily in creating local heroes in this very important technology location. I think one vein of discussion as part of the debate around regulation is whether or not having these models developed in the United States or in the EU is a good thing.

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