Anish Acharya

broadly.

Is there going to be one company that wins the entire market of infrastructure for capitalism?

Of course not.

That is an industry, not a market.

You're going to have dozens of winners that all specialize.

Just as in legal today, you've got dozens of specializations.

So I think in many of these markets, we are talking about it as if it is one market when it is much, much bigger and all the companies will specialize in their own directions.

I mean, that's an open question.

I don't think that we're in the 8% to 12% anymore, right?

50 billion legal software traditionally.

I think we're going to be somewhere between the 50 and the 500, and I think closer to the 500 than the 50.

Possibly.

I think it means dramatic productivity increases for lawyers, dramatic productivity increases for programmers and engineers.

I think that the difficulty of doing 100% of a job is really, really high.

It's this thing of pretty easy to get to 60%, 70%, 80%.

So I do think that's why a 20% productivity increase.

So far, we're seeing it show up more as a four-day workweek than 20% less jobs.

Because jobs as bundles of tasks don't set themselves up to be 100% automated so far.

You can do all the customer support you want, but sometimes you got to take the customer out for a steak dinner.

And so far, the models are not doing that.