Sridhar Ramaswamy

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.

There was a battle of survival, and you have been one of the survivors.

But at the same time, the startups are not the only ones.

The big players, Alibaba, ByteDance, Tencent, and others.

Yeah, no, I mean, Asha, as taxpayers, we own currently about $11 billion worth of Intel stock.

And that's a nice return, roughly twice what we owned when we made the investment as a nation last year, but not in the tens of billions.

For that to happen, obviously, Intel's share price would have to go up a lot more and or some extra kind of arrangements that exist would have to be triggered.

Yeah, I mean, you know, the fact that he's in the White House is important because that is basically drawing attention to the fact that this investment that we saw last year from the U.S.

government, from NVIDIA, from SoftBank has really stabilized Intel's kind of balance sheet.

And so it's in a much stronger position than it was.

But where we are and where we really need to be is to have much better operations and much better performance from the company, and that is going to take new products.

You and I were at CES this week, and we saw Intel come out and say, hey, here are our new chips.