Michael Nadeau

Earnings are improving.

Right.

And the question I have on this piece of it is like, we haven't really seen any studies, or at least I haven't seen any studies on the companies, the S&P 500 companies, the large enterprises that are implementing...

OpenAI and they're implementing Anthropix enterprise products.

They're spending a lot on this right now.

We have not seen a study come out to say that, you know, showing that they know for a fact that the spend that they're putting in there is equating to two employees, right?

That's basically what this has to do if this is going to be durable long term is all of that spend.

Like if you think about

a large insurance company or something.

Travelers Insurance is implementing this internally into their systems right now.

A massive company spending a ton of money.

Most of that's going to the companies like Anthropic.

Now, what could possibly slow down the spend that they're putting in is like if they start to do study, they start to say, well, wait a minute, we're spending like crazy and we feel like we're just in this rush to do it because everyone else is doing it.

What happens if the studies show that maybe the ROI is not as good as they thought it was going to be?

You should.

Yeah.

So if the margins are increasing, it's a good thing.

We just don't know if that's like 100% driven by AI.

We don't know exactly what's driving that because, like I said, I haven't seen the studies.

I think we're kind of in the process where this is starting to be implemented.