Satya Nadella

I'm glad they are, which is the big winners here are not going to be tech companies.

The winners are going to be the broader industry that uses this commodity that, by the way, is abundant.

And suddenly productivity goes up and the economy is growing at a faster rate.

When that happens...

We'll be fine as an industry.

But that's, to me, the moment, right?

So us self-claiming some AGI milestone, that's just nonsensical benchmark hacking to me.

The real benchmark is, is the world growing at 10%.

I mean, that is correct.

And so therefore, but by the way, the balance is like, I think a little bit of it is right now is like, hey, let me, like the classic supply side is, oh, let me build it and they'll come, right?

I mean, that's an argument.

And, you know, after all we've done that, we've taken enough risk to go do it.

But at some point,

the supply and demand have to map.

That's why I'm tracking both sides of it.

That's why I think you can go off rails completely when you're all hyping yourself with all the supply side versus really understanding how to translate that into real value to customers.

That's why I look at my inference revenue.

That's one of the reasons why even the disclosure on the inference revenue, it's interesting that not many people are talking about their real revenue.

But to me, that I think is important as a governor for how you think about it, right?

And you're not going to say, oh, they have to symmetrically meet at any given point in time.