Hemant Taneja

The thing that is confusing for me a lot of times when I look at these companies that are growing is not about are we pricing it right in the context of their revenue or their revenue growth, but much more about are they going to be around?

Are the models going to be smart enough to do a lot of what some of these companies are doing and just do it themselves?

Or are there applied AI?

Which applied AI companies will be durable on top of the LLM innovation that's going on?

Anthropic, you're in.

That's durable.

Yes, yes.

Look, first of all, Anthropic is a...

I have a lot of respect for Dario, what he's accomplished, and the team there.

It's durable.

They've built a great set of models.

They've been very capital efficient.

And the thing that's interesting is they also have an amazing set of use cases on top that are taking hold.

So it's not just the model company.

It's also Applied AI, right?

Cloud.

It's really redefining the engineering department and just think about the size of that market, the amount you spend on tools and engineers to be able to build products.

And, you know, the amount of progress is like Silicon Valley companies now code self-rights for most of what they do.

I think it's a real transformation of what cloud's really enabled.

Yeah, look, I think the company has to decide that.