Rory Driscoll

And I think I remember them doing the Skype deal.

That's a very shrewd deal.

And I want to say that the PE firm brought them in because they had kind of venture expertise, which was, again...

Don't quote me.

I think the PE firm was, in fact, Silverlake again, but I'm going from memory now.

But I remember, as you say, Andreessen came in on the deal.

It was spun out from eBay.

There were some issues around licenses and IP, and it was a little bit risky.

They cleaned it up for 12 to 24 months and then sold it to Microsoft and made three times their money on a ton of money on their first fund.

So super shrewd that was.

And if someone does the same thing here, it'll be interesting.

Yes, but I do think it's important not to lose sight of the fact that for even though, I mean, you asked the question, oh, my God, the anthropic inference costs were higher than expected.

Is there any leverage with your rhetorical economies of scale, Harry, right?

The truth is, remember, last year, they had a negative 94% gross margin.

And this year, they have a 40% plus or minus gross margin.

Now, it's not 50%.

So clearly the gross margins are improving substantially.

So I think the real kind of in the middle boring comment is there is significant leverage in inference costs and the P&L is getting a lot better, but it may not go all the way to the, you know, it may take longer.

We thought we'd be at 50, now you're at 40.

It may take two years to get to 70.