Lisa Mateo

So we were going to use it internally for the obvious reason.

And it took almost a year.

They assign you to someone who helps you get set up and customize the product.

Before we were even up and live, we had a price increase.

It was very clunky.

It was not a smooth process, a lot of hard sell, not a lot of delivery and service.

We are shifting our investment management software away from Advent to Ridgeline.

Ridgeline was founded, built from scratch, new technology, founded by David Duffield.

He made the pivot.

I mean, he still obviously owns tons of shares in Workday, but that firm is a joy and a privilege to work with.

So I think that's what software providers are going to have to do.

They're going to have to service and show that they add value to the underlying business.

There is a link here between that and Nvidia's earnings.

Your main takeaway from the call last night is the same that we've been talking about all morning.

Compute equals inference, which equals revenues.

And the way that Jensen Wong explained that was profitable tokens.

In other words, customers of all kinds are willing to pay for the output of an AI model and that actually the economics have improved.

The thing is, I don't see any evidence of that in any of the software companies' earnings yet.

Do you?

Not yet.