David Sacks

into company transformation, things like that, it becomes a little bit more speculative.

That's not to say it won't happen.

I think it will happen.

I'm actually bullish.

But I do think that we're still waiting to see what the breakout use cases beyond coding will be.

Probably agents will be the next big one.

But I think Brad's right that that's big enough to see

this scale for a while.

Because the thing about code is you're paying for code on a metered basis right now.

You're paying per token, which is kind of an amazing deal for companies, right?

Because before they had to go through this recruiting process to find engineers, source them, vet them, keep them happy, give them all the perks, the kind bars.

And so to be able to buy code on a metered basis as the cost per token keeps going down

Yeah.

And let me just, you know, use this term labor displacement, right?

That's like the one part where I might disagree with you is because there was such a shortage of software engineers.

I think when people hear the word labor or term labor displacement, they might start to think that 6 billion of incremental revenue means 6 billion of layoffs.

And I don't think it does.

And the way to thread that needle is the fact that we were artificially constrained to

in the number of software engineers and how they could be used and how rapidly they could be acquired and all that kind of stuff.

So to be able to now turn that on like electricity, I mean, that's kind of what we're talking about.