Josh Payne

Well, thank you, Caroline.

It's great to be here.

You know, firstly, what I'll say is this is the fourth industrial revolution.

This market is moving so fast and we're still at the beginning.

We're talking about a technology that is going to lead to, you know, automated drug discovery, the extension of human life, truly autonomous agents.

And the only thing that prevents that future is access to the scarce resource, which is the compute.

And so N-scale solves this problem.

We buy and build and deploy all of that infrastructure to allow for these products to be built and operated.

And so not only is there just huge demand for the sector, but we're capturing it.

Well, so thinking about how I build the next great AI platform, what was most important to me is speaking to executives that have built great platforms before of global scale.

And so certainly none better than Sheryl Sandberg.

And so I tried for some time to get an introduction to Sheryl.

And upon finally doing so, we scheduled a 30-minute call.

And the first thing that she said to me was, I don't do boards and I don't do these calls.

Yeah, so I think the key distinction with N-scale is we are fully vertically integrated.

Again, if you think about the challenge for the sector, it's actually landing the infrastructure on the ground and getting it plugged in.

And the true scarcity, given the demand in the sector, is the land, the power, and then the chips.

And so, by and large, the neocloud sector is not really vertically integrated in that they don't own their own land and power.

n scale does we own the land and power we own the chips and we own the software delivering an end-to-end service to the counterparty in addition we recently acquired a company called american intelligence corporation in west virginia which adds an even further segment to that which is the ownership of the power this is a behind the meter site which means that we're effectively taking natural gas and

producing our own energy, which means it's not connected to the local grid and therefore subject to any kind of price increases for consumers.