00:00The rumor is 1.5 to 2 trillion and we don't know exactly where that's going to land. I would
00:06say
00:07maybe this environment puts it more at the lower end. But if you look at the S1 that
00:15Anthropic published for in order to go public, the numbers are astonishing, astonishingly
00:24strong revenue growth, of course, but also profitability, literally operating profit,
00:32not just gross margin. And the gross margin profitability is stunning in that. I believe
00:38that Anthropic is using 75% of its computing power for training. That's a cost. And yet it is still
00:47profitable. I don't think people understand quite how provocative that is. So, yes, we're looking
00:58forward to it. And as you know, we have ETFs. We can't say what we are or are not going
01:03to do,
01:04but stay tuned on that.
