Todd McKinnon

I think it's all of the above.

We're seeing a lot of interest in the agentic solutions that the SaaS providers have rolled out.

Again, those are powerful, but they're limited in the sense they're constrained to one application or one service.

We're seeing a lot of companies start to build their own, where they're using developer tools and capabilities to connect multiple databases and warehouses across different SaaS applications.

We're seeing...

organic internal development.

We're seeing consultants.

Everyone's trying to help them do this.

And I think some of these key unlocks like security and identity and context and the right access permissions are going to help move this thing along in a way that's very powerful for everyone because this technology is real and it's quite profound and it can make employees more productive.

It can help companies grow into new industries and new markets.

It's going to be a big boon for established companies, for new companies.

It's very exciting.

Brazil, it's Latin America's largest economy and it's also a renewable energy powerhouse.

Most of the energy comes from hydroelectric plants.

There's also been a rapid advance in wind energy and most recently with solar energy.

And so data centers, they want to have

They're basically looking for clean energy when they build out these data centers.

I know there are some that are relying on natural gas, but ideally they want renewable energy, and Brazil has it.

It also has a completely interconnected electricity grid, unlike the U.S., where you have kind of...

where it's kind of split up geographically.