James McHugh

So we like to co-invest with what we call the publishers.

So ServiceNow, Databricks, originally Salesforce.

And we look at new technology all the time, continually.

So AI is coming through and rapidly accelerating.

In my...

long tenure in technology.

I've never seen anything like what's coming.

So we're talking to N8N, we're talking to u.com, we're talking to Anthropic about how do companies like that take the services component of what they do to market and how can we support, how can we co-invest with them and help build companies that can put their products live and make their products relevant.

So I'll give you a perfect example.

U.com is an aggregator of the LLMs.

So what that means is people are probably used to ChatGPT.

So there are a lot of large language models.

And U.com, one of the values that they bring to the market is they aggregate their searches across the LLMs, so they remove hallucinations.

So we're working on a very interesting project, I think I can say, with the Royal Caribbean.

So the Royal Caribbean could have 50 cruise boats running around on the high seas at any given time.

Each of those cruise boats could have easily 4,000 plus customers.

So there is an instance on each cruise boat of communication between the AI as it's moving towards now and the passengers.

So James Reid and his family could book this restaurant, book this restaurant,

It's all on the ship.

But where they want to get to is they want to say, okay, we're coming into Venice in two days' time.