Satya Nadella

I go to the app store and I see, you know, it's always like there in the top five.

And I say, wow, like that's pretty unbelievable.

So they were able to use that early advantage and parlay that.

into an app advantage.

And so in consumer, that could happen.

In the enterprise, again, I think there will be, by category, different winners.

So that's sort of at least how I analyze it.

At scale, nothing is commodity, right?

So to your point about cloud, I mean, everybody would say, oh, cloud's a commodity, except, you know, when you scale.

That's why the know-how of running a hyperscaler, right?

Like, you could say, oh, what the heck?

I mean, I can just rack and stack servers, right?

In fact, like in the early days of hyperscale, most people thought like, God, you know, there are all these hosters.

So, and those are not great businesses.

Will there be anything like, is there a business even in hyperscale?

And it turns out there is a real business.

Yeah.

just because the know-how of running, you know, whatever, in the case of Azure, the world's computing of 60 plus regions and with all the compute, it's just, it's a tough thing to duplicate.

So the thing that I was more making the point was, is it one winner?

Right.