Sridhar Ramaswamy

And we are happy to spend any number of tokens in those 40 minutes to save that kind of time.

I think coding agents are really quite magical in the value that they deliver.

And I think it's only going to accelerate from here.

And so these investments are going to be pretty foundational in every company succeeding and thriving.

And that's why we are so bullish about Cortex Code.

We can because we are organized to drive rapid innovation.

The team that is driving a product like Snowflake Intelligence is not that large, but we have structured it in such a way that they can make rapid progress.

And it is more the meta structure of how you set up environments where people can get work done quickly and effectively.

That matters a lot more than things like how much hardware you're investing in and things like that.

The current moment is magical because all of us have access to great tools.

It really comes down to how effectively we set up teams and projects to get things done.

And that's why we are very bullish on how we have set things up at Snowflake, because we now have a demonstrated capability to be right at the cutting edge of where AI is having impact.

How do you compete though, if you're going to go global, how do you compete with an open AI or others that are throwing lots of capital at their business?

Is it viable and what is the technology gap looking like in the next few years?

We're hearing as well the Chinese government might approve Nvidia's H200 for China in this quarter, perhaps.

Is that something you need to look at, importing more advanced accelerators for your training and the like?

Is your goal to stay indigenously with your chips, locally made chips, or would you buy NVIDIA chips as well?

So when does the emphasis turn from efficiency to profitability and also getting that steady revenue growth that will then justify a higher stock price valuation?

You've also come out of a price war, essentially.

A race to the bottom, some have called, because you're trying to keep costs down, and you want to survive as well.