The Paradox of Data Centers

The EU rule, which affects the rest of the world, is that the primary data has to be resident in the country in which the primary activity has occurred. That's going to be increasingly true for what we'll call high value assets. We have over half a dozen grids, arguably 10. There's no way to kill the grid because there's no the grid. And it's true for every financial institution of any consequence. It's not in any shared cloud. Amazon's are anybody. So they have their own data centers. Totally.