Caroline Hyde

Actually, later in the morning, World Labs confirmed they did a $1 billion fundraise overall.

So you're a big portion of it.

What was the valuation that World Labs was assigned in that?

The question is, when does this become a real commercial opportunity for you then, Andrew?

When is it that you're going to be able to say in an earnings report, this is something that resulted from that strategic investment?

It's important, Ed, for us to recognize that in our space, AI is already a returning value.

I know there's a lot of hype out there, especially with the infrastructure buildup and what's happened with large language models.

But a lot of software companies, particularly Autodesk, have been investing in AI incrementally for a decade.

We're already delivering value today around the ability to simulate certain things like flooding, lighting studies, the ability to simulate air and wind and noise studies using AI, the ability to build preliminary models with AI that take into account structural constraints,

or the need to remove structural constraints and helping people make better decisions in the construction cycle.

AI is delivering value in our space today.

Regardless of what happens out there in the world, we're going to continue to invest over the next two, three, four, five years.

You'll see us continue to roll out incremental real value.

It's happening now.

This is only going to allow us to accelerate deeper value into additional areas and into deeper parts of the design and make lifecycle.

That's where I want to end it.

A lot of people ask, what's the net result of all of this?

We focus a lot on digital twins, virtual worlds.

We've discussed that.

Is the result that big facilities, manufacturing sites, plants get built quicker?