alan patricof can on whether it's the leading or behind when it comes to a.i. let's get to the markets, and you've got to call it a crisis of confidence hitting investors at this hour. after dropping three days in a row, the dow, s&p and nasdaq are all on pace for a fourth day of losses. yesterday 270 points got slash off the dow, so this loss at the moment of 2 the 98 points -- 298 is that much more painful although we are off the lows of the session. the s&p down 26, the nasdaq down 46. if the federal reserve's tenth rate hike in a row yesterday triggered wednesday'ss malaise, right nows the, sorry, charles, panic selling. in two regional banks which in turn is dragging down the entire financial sector the including the big money center banks. pac west is dropping right now 42%. what you see now is just off a record all-time low after the company confirmed last night that it is exploring strategic options including a potential sale. it has since tried to come out and calm the markets saying its cash and liquidity remain solid and exceed uninsured deposits, bu

we have alan patricof saying it's a revolution. where do you stand on it? i think this is in the top three technology waves that we've ever seen in silicon rally, the other two being mobile when steve jobs launched the app store and the other one being the internet if itself. i think it's right up there. i think it's bigger than mobile. i think it's going on the on -- to be the on par with the internet itself. i did not say that about web 3, about a bunch of other things that were sort of pretenders to the throne after mobile. i think this is real deal. liz: apple, interestingly enough, mentioned a.i. three times during the earnings call compared to, like, 499 and 50 from microsoft -- 49 and 50 from microsoft and google. they were throwing it out constantly. do you think apple's behind the a.i. curve or they're just keeping their cards close to the vest? >> i think that a lot of these big companies have the resources and capability to do something, but i do think that most of them have been caught flat-footed here. it was really the launch of chatgpt on nov