Tom

It is also a truth, and the Federal Trade Commission feels this way, and it's not a bunch of Trump people that say, oh, Larry Ellison is the friend of Trump's.

No.

The Federal Trade Commission is saying, now, wait a minute now.

What's better for the consumer?

The first moment of every new technology is faced with the second moment, which is the first piracy and the first security threat.

Where will the consumer get something of a benefit in prices?

Because consolidation is bad.

You just brought up the defense industry, and you did a story on this podcast over maybe two years or less ago about how there was –

Barracuda makes email security.

Well, Barracuda didn't exist until there was email, Pat, right?

And then when there was email and then there was problems and there was spoofing and everything that happened, then Barracuda gets born because now they know what they're inventing against.

15 major defense contractors, and all of a sudden they'd end up down at Northrop Grumman, Boeing, and a couple friends, and that's why there's no choice for the procurement officer at the Navy, and you have to pay whatever they'll charge you for a hammer.

What you have here with each new technology, you've got techniques of theft, techniques that make it vulnerable for the people that are using it.

And they're seeing right now what Anthropic is saying, whoa, wait a minute, wait a minute, wait a minute.

This is why Federal Trade Commission said, look, the Netflix library going to WBD

They're using 24,000, you know, fake accounts to use prompts and calls into Claude so that they are figuring it out and they are taking that distillation.

consolidating it is not good.

It'd be better if a third party emerges in all of this.

They are distilling the response of Claude and back engineering.

So you've got Disney over here, you know, Paramount and Warner Brothers over here and Netflix over here.