George Frazier

I mean, Satya has said that there's going to be the collapse of SaaS.

And we know Databricks is trying to rebuild a lot of SaaS on top of their platforms.

I mean, they've been very public about that.

So do you think we're going to see a massive... Do you think the SaaSpocalypse is a thing and we're going to see a massive shift?

And it's going to be agents and it's going to be on new types of infrastructure that they run?

Or do you think that SaaS is fine, the markets are overblown, Satya is...

you know, wrong.

You know what's so interesting?

I mean, you just mentioned that about Fivetran, but if you look across the companies we work with that are traditional companies, and I actually would not include

I mean, listen, you know, like both of the labs are your primary customers.

But if you look at it across the traditional companies, like you don't actually see in the data that they're slowing down.

Like from five times doing rate, it's actually the company's accelerating.

And so how do you reconcile this high risk concern that you just voiced with the actual companies?

the business?

Is it more just kind of existential angst?

I know, of course it will, right?

But we're four years into this at this point.

You know, I don't know.

I just feel like you can't derive this from the data as far as I can tell.

And like, maybe it's coming.