Rachel Warren

Oh, I absolutely think that's the case.

I mean, we've been having this discussion for months now about how these types of models like Anthropix Cloud could potentially replace some of these software businesses.

That's obviously been the concern we've seen permeating the markets, impacting a lot of software stocks.

I don't think they replace the software businesses.

I think we can very much see a dynamic where some of these larger AI companies see the value in these software platforms and try to integrate them into their own ecosystem.

You think about how Anthropic has the brains of AI with Klot, right?

Well, Atlassian has the territory of millions of developers, project managers already live inside platforms like Jira and Confluence every day.

And so

By acquiring them, if this rumor is to be believed, Anthropic wouldn't just be a service that developers call upon.

They could become brilliant infrastructure where work actually happens.

And from a strategic standpoint, an AI giant would want a software developer like Atlassian for that data and distribution advantage.

I mean, Atlassian sits on a goldmine of proprietary data.

Decades of how teams collaborate, how bugs are fixed, how products are shipped.

And so I do think that this could turn Claude from a helpful assistant to more of an autonomous worker that has access to the levers of a company's operation.

So it makes sense from that perspective.

Yeah, I mean, this is kind of an easy one, but one of the most famous and arguably one of the best was Geico, right?

And I mean, this is an interesting one, too, because Buffett first invested in Geico back in the 1950s.

He had gradually increased his stake over several decades.

And then Berkshire acquired Geico by purchasing about the remaining 49% of the company they didn't already own for about $2.3 billion back in the 90s.

But one of the things that I think made this deal such a masterpiece was not just the brand of Geico, it was the insurance float, you know, the pool of money collected from premiums that have not been paid out in claims yet.