Ed Ludlow

a like for like that you can chew on, maybe it's in petabytes, something like that, at that scale?

There isn't really a rule of thumb that you could use, say if you have a gigawatt of compute, how much does that translate into storage?

Because in a way, there's a bifurcation of compute from storage.

If you think about AI, every time you run an AI workload, whether it's training or it's inference, those compute resources can be recycled every time you run a training model development or an inference workload.

But the data that's getting generated as a result of that gets stored.

It doesn't get deleted.

Right.

So storage is actually growing because of the value of data increasing over time.

How much is your supply growing?

How much can you ramp up to meet the first demand?

So we've projected that exabyte growth, which is the amount of storage that's needed, is going to go at 25% CAGR over the next five years.

We feel very confident that with the technology enhancements that we're bringing to be able to deliver higher capacity drives to the market, we're able to meet that demand going forward.

What's interesting is it's yourself and Seagate many would sort of see as the place that people come to.

How are you ensuring with this fierce demand and perhaps anxiety coming from cloud providers and the like that they're not double ordering, that they're not ordering from you at the same time as Seagate to make sure that they get the fastest and the speediest?

Yeah, that's something we pay very close attention to, looking at the inventory levels that our customers have, working very closely with them to reassure them that we have a technology roadmap that's going to be able to meet their needs.

And I think what they also appreciate that storage has become a critical piece of the AI data center infrastructure stack.

And as a result, we've really shifted the partnership model with our customers.

They're giving us really good insight into the applications and workloads they're bringing to market over the next few years.

A lot of it's going to be multimodal in nature.

And what I mean by that, a lot of it's going to be video-based because video is going to be a big driver of storage.