Jaden Schaefer

And that's how they get their money to kind of go and grow.

But in the case of these AI labs, I mean, they just need endless money, basically.

And so it's interesting to see, like, they get the money.

Like, there's only a certain amount of people that can actually just give them these huge checks.

And NVIDIA apparently is one of those because they keep investing into every company.

And then as the companies grow and do bigger rounds, well, NVIDIA is, you know, NVIDIA is about...

the company is getting worth more.

And so they're able to, as a publicly traded company, raise more money and more people are investing in them.

And so they just kind of basically circulate the money between NVIDIA and all these other AI firms and Microsoft is kind of in a similar spot.

So, I mean, this is fascinating, but those are some of the only people that can really continue to sustain just dishing out unlimited amounts of money.

So all of the fundraising momentum right now, I think, is kind of building on a bunch of wins that Anthropic has had

Um, their coding agent, Claude code is basically the, you know, the bell of the ball for all software engineers.

It is the most popular, uh, tool.

And it also like, I think for good reason, like we use it at AI box to basically build everything we do.

And I would say we get about a 10 X out of our engineers, uh,

using this to help with all of our coding.

So I think while their latest models that they have recently put out are like, they're really kind of focusing on legal and kind of like business research.

And when they put those tools out, they honestly, they basically shook the public markets.

We saw stocks collapsing from a lot of companies that work in those spaces because they're like, oh my gosh, maybe these

companies are going to become irrelevant because Anthropic will just target those.