Ed Elson

It'll go in and clear inbox and send emails and manage your calendar, etc.,

So we've seen it before and we know that it's possible, but now Anthropic is jumping on and they're releasing the same tools of their own.

And that seems to spark a very different reaction from investors.

Why is that?

If we knew that this was possible, or at least that it was in the pipeline, why is it suddenly so rattling to investors now?

Yeah.

Just going back to your point that, you know, some software companies might get hurt, but not all of them.

And it appears that we're sort of, again, throwing the baby out with the bathwater here.

But

I mean, just to go through some names here, like Adobe got hurt, ServiceNow, Palantir, Microsoft got clobbered on this news.

What are the companies that you believe are actually insulated from the concerns here?

And are there perhaps any software companies that might actually benefit from this right now?

You mentioned the point that a year ago, we said that this might not be possible, or it was very much just a concept in the ether.

Having covered the tech sector for a number of years,

What are your reflections on what we're seeing here in terms of this technological transformation?

Like, in what sense have the rules of your game changed?

And how has this changed your perception of technology in general?

All right, Gil Luria, Head of Technology Research at D.A.

Davidson.

Gil, thank you very much.