00:00How do you identify who's prone to it, whether the software shock is really specific names that are going to
00:06go to zero and others that are going to be incredibly successful or some kind of widespread replacement?
00:11So I think, you know, with what we've seen the last few months, things that you didn't think would be
00:16disrupted are becoming disrupted, or at least the perception of disruption is very high.
00:20And so you now have to think about other things that you're investing in and what is the likelihood of
00:25disruption, because today, the reality is that disruption may come sooner than you've expected before.
00:30And therefore, to what extent are companies prepared for that?
00:35Now, I would say the counterbalancing to AI disruption is AI adoption.
00:41You know, so if you have companies that can adopt AI to accentuate their business models and be able to
00:47not just withstand the shock of disruption, but actually thrive in it, that's the most important thing that we look
00:52for.
00:53And that's what we're doing today through our portfolio.
00:55Are there certain types of companies that seem like they are able to take advantage of this disruption versus just
01:03those that are looking to potentially survive through it?
01:06Yeah, so look, you know, even with software companies, right, which are in the news all the time, if you're
01:11mission critical and you know how to use it to actually accentuate your product offering, it's a good place to
01:17be in.
01:17Because no matter what, we're still going to need software.
01:20It's not like AI is going to take over and, you know, the entire software sector is going to dissipate.
01:25But you've got to make sure you can pick the right companies to invest in.
01:30I think that AI is going to have a profound impact on sectors like, you know, pharma, biotech, you know,
01:37drug discovery, drug development.
01:39I think it's going to have a profound effect.
01:41And so those companies that partner with, for AI solutions are going to be a beneficiary.
01:47The question is just when.
01:49It's a highly regulated sector.
01:50So a lot of things have to happen for you to see the full benefit of AI adoption.
01:55So a lot of things have to happen for you to see the full benefit of AI adoption.
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