Tim Stenovec

What I would reflect on is the conversations that I have with people in industry and those that come on the show and talk about it is Tim Cook is the operator that many people would want in an environment like this where we still have trade and tariff considerations.

The movement of goods between borders from point A to point B is quite difficult.

And as we just talked about, specifically memory pricing, that's within his range.

This is not me speaking, this is how people would relay it to me.

Mark, when he goes on air and when he writes, and again, I'm not speaking on his behalf, he would talk a lot more about the product.

fresh products, reiterated and renewed products in the product pipeline for the future.

And right now, I don't know that people are necessarily so worried about that, at least in my world, they are worried about when they're going to get the software bit right with AI.

Well, Amazon probably can invest that much money.

What we've seen is most of the hyperscalers that were wedded to one player have diversified.

Anthropic and Microsoft have deepened their interaction.

Anthropic was very heavily aligned with Amazon.

Google and Anthropic are very heavily aligned.

Anthropic relies on TPUs.

Amazon, from a software perspective, has tried to accommodate all the players on its bedrock platform, which is basically a workplace where you can either train or build on top of existing models.

So the financials are there.

If people are watching that are investors in those companies, phone me, explain the dilution to me, explain the post and pre-money valuation.

But

OpenAI needs capital.

It is coming from multiple places, apparently.

And one would imagine, based on the reporting that's been done by Bloomberg and others, this is a big, large anchor round before a future IPO as well of some part of the OpenAI entity.