Michael Nicolletos

So that's the one side of the coin.

The other is the AI race, which we are all aware of.

And we see now that the US administration, the Trump administration actually has put off the brakes, taken off the brakes.

And Anthropic and OpenAI are racing, and now they want to do IPOs to raise money.

And they want to lead in that aspect.

And that's very important for the next phase of where the world is headed.

So they want to be ahead in this game.

So these two, if you look at these two high level issues, I think that these are very important in understanding where we are right now and how the world is shaping us.

AI is a big topic.

I'm sure you've had guests and I'm sure also you've heard a lot of people talk about it, how it's going to reshape the world.

Actually, no one knows, to be honest.

I think it's going to change the world dramatically, but we don't know how it's going to change.

It's a super tool that I'm sure you old guys use it every day.

And the more you use it, the more you're fascinated by what it can do.

But to pause here,

And to put a thought here, because we have two IPOs coming up, Anthropic and OpenAI, I think the capacity has been built or is being built or investment is coming in in the form of how you can compute and create all these AI products.

But we have a huge gap in the product side.

So we've created the engine, if you want to put, but the tools are going to use the engine.

are not there yet.

We have the small tools.