It turns out if you want to make a lot of money, you have to be good, and you have to compete with everyone else for the same dollars. My guess is that will be a recurring theme.

The technology budget of most companies over the last thirty years has gone up massively, I would argue, since thirty years ago when they were buying keyboards and mice and stuff like that. I don't think that's gonna stop. Then the interesting thing about that, there are a ton in answer to unpack, but I just wanna highlight the you have to be good sentence. Because when we're gonna talk about all the oh, what happens to SaaS and all that, I think Mike's big picture comment, we should remember every time. It turns out if you wanna make a lot of money, you have to be good, and you have to compete with everyone else for the same dollars. And my guess is that will be a recurring theme. It's not impossible to see just, quote, unquote, have to be good. There's such a lot of complexity here because you're right. You have the margin stacking. So, you know, a classic example is you look at Entropic. It's doing a billion dollars in revenue. You look at Cursor. It's doing a billion dollars in revenue, but it's pretty much the same billion dollars. So you have to think about the margin stacking. Then on the other hand, you have to say to yourself, if Anthropic, hypothet, was doing a $100,000,000,000