Lucas Swisher

The retention curves, the growth, all of this stuff, what they've done, it's just, it's insane.

The innovation that's coming out of that business.

On the consumer side, their strength that's emerging in enterprise with Codex and other coding use cases and these big transformational enterprise deals.

And like a third unknown, unknown vector, they have this like almost unknown, unknown about it because they acquired Johnny I's company, right?

Who knows what that could look like in five to 10 years?

They have this like SpaceX, you know, it's like, how do you value space?

Well, how do you value AI?

It's like this unknown, unknown element of just how big could it get?

I think that's the that's the bull case.

Yeah, it's amazing.

Yeah.

It's incredible.

And I think like that's the bull case.

The bull case on Anthropic is really simple and really straightforward.

Their focus on coding has been an unbelievable advantage for them because coding is the first use case in AI that's really taken off.

That coding focus has led them to have a beachhead in all the other analytical tasks in the enterprise, right?

Everything is code, right?

Like everything in the digital world is code.

And by having a great coding model, they've been able to do that.

And the last strategic decision that they made that I think is really sort of unappreciated by the market is they built for every cloud and they built for every chip platform.