James McHugh

And that was a great compliment to both the emperor and to him.

And now look at how this guy copied this.

And that kind of dawned on me that actually it's celebrated in the Chinese culture.

It's celebrated the ability, it's flattering that I have copied you so well.

So we often think of it as theft, but I think it starts from a position of respect that, wow, you guys are so advanced.

We're going to try and catch up by replicating what you've done as a starting position.

So look, I want to stay aware of what China's doing.

So that's part of the reason I use DeepSeek.

I want to be cognizant of the fact that probably they've accelerated that through learnings and money that's been spent in the US.

But I don't think that's a reason to close it down.

I think it's there, it exists, and we should embrace that stuff and use it and learn from it.

Correct.

I've got something there for you, which I think is really important.

So we just saw the Series C at u.com.

So u.com is run by a German guy, CEO, brilliant guy, ex-Berkeley professor.

They just raised $100 million at a $1.4 billion valuation.

They have 20 million revenue in 2025 with the ambition of going to 60, 70 million revenue in 26.

Their technology is really good.

I have seen a similar business in Europe run by two or three guys that don't want to fundraise so they can stay in majority control of the company.

They will lose.