Anurag Rana

And then let's see how that shapes up.

So if you are just selling a tool out there in the public to an enterprise or a small business, you may not get the same kind of premium that you were before.

Remember, software business with 80, 90 percent gross margin business.

But if you can spin some of that code up, you know, using white coding or internally, you may not need some of those tools out there.

Now, we think.

At least on the enterprise side, having a core system of record, something like the one that's sold by SAP or a Workday, they're far more important and people are not going to rip them apart and use white coding tools internally out there.

But if you are a visualization software or some kind of connector in between, you may not need to have that software.

So there is a lot that's going to happen over the next three to five years.

Yeah, for Microsoft, it's definitely there.

I mean, the only, I would say, the long-term hang-up is, you know, what happens when the open AI relationship breaks through?

I mean, or goes away.

That's the only big risk for Microsoft in the long run.

They'll have to figure out their own LLM by then.

But other than that, I mean, their cloud infrastructure product is pretty good.

And, you know, it's gaining market share.

And according to our calculations, it will overtake Amazon in the next, you know, let's say three odd years or so.

But it doesn't matter if they own or not because they have the IP rights only till I think it's 2032, one of those years.

And after that, they can't use those models after that.

So remember that part of it as well.

The financial part will stay, but it's the actual engine that is driving Copilot that's driving GitHub Copilot or the Microsoft 365 Copilot that you talk about.