Azeem Azhar

And it looks like it's a tremendous market expansion because those agents will grow.

all require information.

Some of it will be private transactional information.

Other of it will be telemetry signals, environmental information.

So how does this affect the way that we can think about the future of that agentic web?

I mean, prima facie, it seems like it's going to be a much larger market, but transactions will have to be much smaller.

Quite often, really, really important and valuable information is not going to get bought at large rates by large numbers of people.

And you could look at academic research in that vein.

And what's happened with academic publishing over the last 25 years is that a couple of academic publishers have started to absolutely dominate that market.

They have incredible profit margins, enough to make other banks and tech companies feel envious.

And so that flow has really, really broken.

Academics get funded.

They have to pay to have their articles, papers included.

They have to pay to read them.

And that's coming out of money that could go into the public good of scientific research.

How do we get that to work in this model?

You know, where we are, I think, is a really interesting point in the evolution of knowledge technologies and the way in which we think of the value of information.

And

Of course, pricing helps to do that, but it still leaves elements of market failure, things that don't get priced even though they're valuable.

So we'll cross that bridge in time.