Patrick O'Shaughnessy

And there's great riveting stories to hear about the lengths people will go to to secure a great and the amount they'll pay to secure a great engineer or someone really key to the business.

Can you give us your perspective on these talent wars, what it's like to be in them?

Obviously, I'm sure you are too fighting for the best talent versus lots of other

great companies that are being formed.

Yeah.

Tell us from the inside what this environment feels like.

One of the questions that I think so many people are interested in for companies like yours is the use of whatever core underlying LLM versus the development of your own models on top of or replacing those underlying LLMs.

You are gathering all this incredible data that's just yours.

You don't have to share it with anybody else.

these models thrive on good underlying data.

How do you think about that aspect of all of this, where five years from now, it's going to be either your own model or your own model plus something else or just your own data and context on top of the best model?

How do you think that will evolve?

I'm both curious about this in terms of how it impacts the product, but also how it impacts your business mode, your power in your business where you rely or don't rely on TPT, whatever.

What is your perception of the very biggest companies?

The entire market has been focused on, rightly so, the 7, 8, 9, 10 biggest technology companies.

Which of them feel most important to you?

And I don't mean OpenAI and Anthropic.

I mean like Microsoft and Amazon and Apple and these sorts of companies.

What is your relation and thinking about them today?

They've been the driver of equity markets by a huge margin.