Caroline Hyde

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Yeah.

I mean, this brings CoreWeave to $35 billion in total contracts from Meta.

This is an astounding amount, and it really tells us something that we've been talking about, Ed, which is that Zuckerberg really wants to front-load capacity.

He thinks there's insatiable appetite for compute, and these deals just don't stop.

It's almost every other week now that we're coming here talking about compute for Meta.

This is an incredibly important development.

If you look at the market reaction and listen to analysts, they're saying Meta is back in the game.

This comes after last year, early last year, Meta faced some setbacks with their Lama models.

These are open source models that just weren't performing well

at the frontier edge, at the bleeding edge with its competitors from OpenAI, from Anthropic, from Google's Gemini.

With the model that was released yesterday, it's a closed model that's a big departure in meta strategy.

That means that developers can't get access to that backend code, that blueprint.