The Competitive Advantage of Hyperscalers in the AI Industry

Julian Mayor: I think it's important to kind of approach this from a first principle perspective. When you say hyperscalers, tell us for people who may not know what that means,. If we look at AWS is Amazon Web Services, Microsoft's Azure, and Google's Google Cloud - these are outsourced cloud providers. They'll rent compute to various startups. And they all have that as well. So one sort of trend you see here is scale matters. In terms of the consumer side, I think the use cases are somewhat less visible today, but I think that will sort of change over the month and weeks and years to come here.