relatively speaking. I mean, we have been modifying microorganisms to make proteins for us for decades now. And tissue engineering, which is what would be needed for meat production, is a lot newer science. I mean, animal cells are just a lot more finicky than microbes in cell culture, and growing a lot of animal cells and achieving three dimensionality is just no easy feat. But we're getting there. Back in 2013, it cost 250,00 euros to produce this hamburger, and today, I've seen estimates of cell-cultured meats cost as low as $50 per pound. That's one twenty-seven-thousandth of what it was less than a decade ago. And I can really only see the price of cultured meat coming down, and I can only see the price of meat from animals going up. I mean, think about it -- we’re still in the early days of R and D. As scientific breakthroughs are made, like recycling growth medium, reducing the cost of growth factors and achieving higher cell density in vitro, this curve is still going to go down. Meanwhile, the price of meat from animals is already artificially low due to heavy subsidization. It does not reflect the cost to the public health or to the environment. And, in a world changed by COVID, African swine fever and a changing climate, the price of meat from animals can only go up. In fact, I think that price parity would be well within reach if it were an even playing field. On one hand, we have animal agriculture, which is so heavily supported by public funding and government support. On the other hand, we have this very promising technology, which requires very intensive R and D and needs a lot of infrastructure and training support but is left entirely in the hands of the private sector and market forces. In fact, I don't think any of the wonderful things I just described about rewilding the Amazon and so on will happen if we leave this technology solely in the hands of technology and market forces. There's a real chance that cellular agriculture could fail, and it won't be because the science doesn't add up. It'll be because we didn't think about what ownership should look like or IP protection or governance or policy -- you know, the business side of mission-driven businesses. And we're going to have to be very careful and thoughtful about what this technology needs around it so we can maximize the positive impact that it will have on this world. Look, I'm here today because animal products are just amazing, and you would be hard-pressed to find proteins in the plant world that can do what animal proteins can do: long, stretchy cheeses, creamy custards, fluffy meringues, the incredibly rich umami flavors that you can find in meat and seafood... But despite how amazing animal proteins are, they just don't need to come from animals anymore. And yes, we've got a long way to go to realize the potential of this technology, and it's going to take ingenuity both inside of the lab and outside of it, too. But think about what we get in return. We get a chance to usher in a transformation as big for humanity as our transformation from hunting to agriculture some 12,000 years ago. This could be a new era of abundance in so many different ways. I'm personally most selfishly excited for the food products that I can't even fathom today, because this is really a new tool for culinary creativity as well. I mean, we haven't really seen this since our ancestors discovered fermentation a while back. What I mean by that is, we could have never looked at a glass of milk before we fermented foods and wanted it to be hard and stinky and moldy. You know, we could have never envisioned cheese or the hundreds of varieties of cheese that we have today. Similarly, meat is still defined by the body of an animal. We still describe it as cuts of meat. But if we can grow meat from cells, suddenly the boundaries for what meat can be will totally change. Meat could be thin and translucent. It could be liquid. It could be crunchy, it could be bubbly. Burgers are the baseline and sausages are just a starting point, and nuggets are nowhere near what's possible with cellular agriculture. Let's dream up a bigger, bolder future of food. Thank you. (Applause)