“If you can 2x a function, say every coder has a coding assistant and produces twice as much code, individually they are twice as productive. But the company's IT output goes up 1.1x. Why? Before you ship the code you need the product team to look at it, you need legal to make sure it's compliant. These bottlenecks mean there's a big delta between individual productivity gain and institutional productivity gain. And we're in that phase right now.”

Yeah, right, exactly. So, totally, that's right. You want to invest in the pure silicon and the pure experience. But you're saying, how do institutions adapt? So, I think this is again super exciting because it's so early and we're going to see how this plays out. But what we know is that typically in the first phases of invention through economic history, people do small things with the new tech. So, electricity comes along and you can reconfigure certain tasks that are more efficient, but the sort of design of the factory where maybe there had been a kind of coal-fired steam engine or something in the middle powering your loom, and then the workers were kind of organized around this shape. You know, you kind of stick with that shape, you just have electricity running the loom instead of the steam power, for example. And it takes quite a long time between the advent of electricity and the first automobile production line where you have a straight line production line where you rearrange how the workers are laid out. Because actually, oh, you know, we don't need to put the power center in the middle because it's kind of a localized steam thing. It's coming along wires on electricity, and you can make it go to lots of different…