John Zito

And really for us, that's how do you co-pilot?

How do you create co-pilots to make our risk decision makers better?

I think that's going to happen.

You have to have people who are very proficient at that to actually train the computer and the system and create the system the way you want.

You can create a system that gives you bad advice too.

So you want to make sure that it's creating it under the framework that you acknowledge to be the framework that will suit the product's needs or the fund's needs or the investment process needs.

That stuff's pretty exciting for us because...

We're very large, which means we have lots of information and lots of optimized stuff that we can do that we haven't done yet.

So I'm pretty excited about our future.

In that regard, I'm really excited about doing it.

It's obviously, you talk to people in the ecosystem, they get a little nervous about what that means for everybody.

I think that we're just going to be doing our jobs better and more proficient and be able to do more, which is, I think, exciting.

So compute is the center of all of this and the demands for compute will go up.

The sizing of these mega data centers is astronomical.

There's not, frankly, there's only a few investors that can finance them with matched liabilities at the scale.

And we're fortunate to be one of them.

I think we'll be a leader in that.

Intel was just the start of that.

There'll be a handful of us, which will lead that charge forward.

which again, the most important thing for that is that we work, first off, the counterparty risk typically is high quality because the hyperscalers and others that want that compute are typically very well capitalized and growing their earnings really quickly.