Nikesh Arora

You buy the hype.

The capabilities are real.

The capabilities are true.

Yeah.

Yeah, because I mean, we've been saying that it's roughly six months away before mythos level capabilities are available in Chinese models, open models, whatever.

But you're saying it could be three months.

So we're in a race right now between the cyber defenders finding these vulnerabilities and patching them before the cyber attackers do the same thing.

Yes.

And how do you feel like we're doing in that race?

So is it fair to say that as model capabilities go up, systemic business risk of large enterprises also goes up?

Do you think that the traditional companies like the SaaS businesses that have existed

In this world, what is their place?

As all this knowledge becomes more persistent and stored, what happens to SaaS?

What is an analytical SaaS company?

You don't need that.

Okay, category one, analytics dead.

Okay, what is infrastructure software?

You had a couple of examples of this.

You told me this story, I don't know if you want to repeat it, of this one company.

They tried to hold you hostage on a license.