Sean Russo

I said it's Greg's time now.

I mean, I think...

obviously it's a bit different of a business than a railroad or a Geico, but I think you could understand the margins and the revenue growth and their own digital moat that they've created between search and cloud and YouTube and all of the tens of businesses that you guys talk about that are underneath the alphabet umbrella.

I think you kind of understand it's kind of the same process just in a more, you know, 2026 way.

John, will you chart on the Anthropic revenue chart?

This is from the information.

So this is annualized revenue for both Anthropic and OpenAI, which I would argue are the figureheads of the AI trade thus far.

Anthropic literally started like a few years ago.

To throw out some stats, their revenue trajectory went from $87 million in January of 2024, which was like not that long ago, to a billion by the end of 2024, so that was a 10x, to 9 billion by the end of 2025, which was another 9x, which, by the way, was six months ago.

And now, this was just reported a week or so ago, their run rate, their annualized revenue run rate is now 45 billion.

which was a 5x from the already 9 billion that we had six months ago.

So I don't know.

I mean, I wouldn't say if we're putting it in innings terms, we're not in the first inning, but we're certainly not in the sixth or seventh.

I would agree with you guys.

It's so well written.

I was when I when I saw you put this in here, like I felt as a young person, the ultimate risk, it feels like just as someone who's 28 and 2026, the ultimate risk is not investing in the stock market.

And that feels so toppy to me.

like to feel like if, if my friends or my family like aren't investing in their future, they'll get left behind.

Josh calls it the stock market participants or the stock market.

I don't know what he calls them.