Bill Gurley

you also said that many of these projects may never get to production scale.

But given the seeming- Most of them.

Most of them.

Given the seeming success of Google's TPUs, how are you thinking about this evolving landscape today?

Even for the customers who perhaps are successful with ASICs, isn't there an optimal balance in their compute fleet?

I think investors are very much binary creatures.

They just want a yes or no, black and white answer.

But even if you get the ASIC to work, isn't there an optimal balance because you think, I'm buying the NVIDIA platform.

CPX is going to come out for pre-fill for video generation.

Maybe a decode, you know, a platform.

A video transcoder.

Exactly.

So there will be, like, many different chips or parts to add to the NVIDIA ecosystem.

Accelerated compute fleet, right?

As new workloads are, you know, are born.

That's right.

And, you know, people trying to tape out new chips today are not really anticipating what's happening a year from now.

They're just trying to get a chip to work.

That's right.

That's what NVIDIA is all about.