Welcome from Austin. We're here on the ground at South by Southwest 2023.
And after a few rough years, including a cancelation,
a completely virtual conference.
And last year where people were still hesitant to meet in person.
This year,
things are back in full swing and it feels like the South
Y Southwest that we know and love interactive film and TV.
You have your music and you also have comedy and a plethora of
other things that people want to talk about if they're in the know.
So one thing that we're definitely hearing a lot from the interactive
track this year is the growth of what they're calling generative AI.
Now, you may have heard of Open AI, that's the company that created Chat GPT.
Their co founder actually spoke here at South by earlier a few days ago.
And he talked a little bit about how it's going to revolutionize the way we
work the way we think he called the internet alive for the first time.
Now,
the other thing that's top of mind for a lot
of the tech community is the collapse of SVB.
We talked to a few founders here include one company Roco which
has their money in the bank hears about what they said.
So we filed an eight K
and that's really the totality of our public statement right now
in it, we did say that we're confident that we have
the cash balances to meet all of our obligations.
So that that's our public statement right now.
Now, elsewhere around the space,
we are hearing tech companies are a little bit concerned about their money.
They're worried that a lot of the VC funding may dry up
and that people are going to be a little bit more concern.
We're also hearing of long lines at other banks that fund
Silicon Valley ventures including first National.
But the idea really is,
people are a little taking a little hesitant approach this year.
They're worried that there is going to be a downfall in the
tech industry and that there might not be as many investments.
But the idea behind us is you'll see plenty of posters talking about the
latest greatest technologies and there's a lot more to come from that space.
So the innovations here, but will the money still follow?
We're gonna have to find out.