Chamath Palihapitiya

I'm not saying that I know something.

You don't know anything.

You don't know anything.

I'm just interpreting what the market is.

I'm just interpreting what the market is.

Do not aggregate this.

Do not aggregate this.

I'm not representing anyone, and I don't know anything different than what any of you know.

I'm not representing anyone, and I don't know anything different than what any of you know.

I'm just saying that I think this is what the market is clearly pricing in, and I'm paying attention to what the statements are of the president and vice president.

I'm just saying that I think this is what the market is clearly pricing in, and I'm paying attention to what the statements are of the president and vice president.

I mean, honestly, I'm probably closer to you, J. Cal.

I mean, honestly, I'm probably closer to you, J. Cal.

I hate to say that.

I hate to say that.

Because, look, I think people are still figuring out how to drive business value out of AI.

Because, look, I think people are still figuring out how to drive business value out of AI.

And change management is hard, and the bigger the company, the harder it is.

And change management is hard, and the bigger the company, the harder it is.

So what's happening right now is there are a lot of transformation projects at large enterprises that are failing.