Product Development & Strategy - Apple is launching an overhauled version of Siri around March, including the ability to tap into personal data and an AI web search tool, named answer engine, as part of an update called iOS 26.4% [1][2][3] - The revamped Siri package includes a redesign, a health subscription service, and conversational features on home devices [5] - Future Siri capabilities include fulfilling queries based on onscreen content and voice-based navigation [6][7] - Apple plans to integrate the new AI features into Safari and Spotlight [3] - Later in the year, Apple will launch a Health Plus subscription service and a visual redesign for Siri, followed by a conversational Siri tied to a new robotic home device [7] Partnerships & Technology - Apple is partnering with OpenAI, Anthropic, and Google to rebuild Siri, with signs pointing to them working with Google's Gemini [10] - Apple and Google signed a formal evaluation agreement for Google's model [11] - Anthropic is also being considered for different parts of Siri, but their asking price is over 15 billion a year, escalating annually for the next three years [11] Market Dynamics & Competition - Google search is very important to Apple, generating roughly 20 billion plus per year, but the industry is shifting [4] - An increasing number of people are using search engines like Perplexity instead of Google [4]

How you thinking of the software story, The eye witness versus Luis's right now. No, we really first off, thanks for having me on. It's great to be back again.And it really is important. It takes you know, investors are very black and white. They want to see instantaneous results.But all of this stuff takes some time to filter through and figure out how we're going to deploy it. But the software and that that moving away from, if you will, the picks and shovels of building out the infrastructure into the us ...

Business Scaling & Funding - The company raised funds to support scaling infrastructure and customer growth [1][2] - Scaling involves increased compute resources and talent acquisition [3][4] Core Technology & Differentiation - The company is building a search index for AI, distinct from traditional search engines like Google [4][5] - The company's search technology allows searching through hundreds of websites to provide summarized answers [5] - The company emphasizes the importance of the search infrastructure layer, suggesting that it will not be commoditized like LLMs [14] Market & Competition - The company focuses on the enterprise market, where there is more open space compared to the consumer market with monopolies or duopolies [8] - The company sees the productivity in enterprise as the killer app for LLMs [9] - The company is focused on building APIs and transfusions for customers [11] Customer Base & Scale - The company serves customers like Harvey, Knife Edge, DuckDuckGo, and Telegraph [2] - The company's AI solutions are used over 1 billion times per month [14] Strategic Direction - The company aims to build an enduring company focused on providing answers and enabling customers to build their own agents [7] - The company is not interested in being acquired [7]

This is interesting. You've been on the show regularly throughout the year. We've talked about M&A and now you've done some.What's the rationale here. Well, the rationale is that a transformation is going to dominate enterprise investment in the next decade to be bigger and faster and more impactful on business perspective than even digital transformation. And it creates a huge security challenge because it's a completely new security tech that needs to listen to all these tens of thousands of conversation ...

But it's not just service now. Microsoft has also been discounting we've seen Slack because they have to pass a Salesforce and indeed some of the providers of cloud. Is this something you build into the models at the moment that for the time being they're going to have to offer more for less.Sure. Well, I think, yes, it's part and parcel of actually doing business in the current era with the government. But the government has such antiquated systems.They have so much to do with respect to digitizing their e ...

The stock's up 8.6% record high, but that's only the biggest jump since the first week of April. Your colleagues on the street, many of them have raised price targets or calls on the stock. You have not in response to this ruling.Why and what is your main takeaway from it. It's over the last ten years intact. We maintain that any regulatory and insertion into these stocks are really not founded.So watching what happened, the matter was Zuckerberg watching what happened with Microsoft. There's been no breaku ...

What is the opportunity here for you as a business. Huge opportunities, you see. And I say more the size of that market.We think the addressable market is about 400 equivalents of the same ours huge opportunity coming forward. As you think about how you we're going to support energy resilience going forward, it has to figure we have a leading position in that market. As you said, we won the contract with the U.K. government for the first three small modular reactors. We've actually won a contract with the C ...

Market Trends & Stability - The Gen AI landscape is showing signs of stabilization, with fewer new entrants compared to previous periods [1][2] - A significant portion of the top AI applications have consistently remained popular over multiple evaluation periods, indicating a degree of established market presence [2] - Chat applications continue to dominate the AI space, but other categories are emerging [4] Competitive Landscape - While one application leads in web traffic with Gemini following, there is a long tail of applications catering to niche functionalities [9] - Many AI applications with millions of users focus on specific tasks, indicating a market for specialized tools [10] - The availability of open-source models and APIs enables companies to build specialized products for specific customer needs [11] User Behavior & Monetization - Consumers are using multiple AI applications for different purposes, suggesting a lack of consolidation around a single dominant tool [6][7] - Subscription models are emerging, with some costing $200 per month, potentially leading users to make choices based on value [7] - Paid users of generative AI products show similar retention rates to pre-AI subscriptions, suggesting a perceived return on investment [15] Enterprise Adoption - Enterprise adoption of AI is expanding rapidly, with companies transitioning to enterprise solutions much faster than in the past [13] - Some AI companies are generating significant revenue from enterprise clients within a short timeframe [13][14] Investment Strategy - Investment firms are focusing on both model companies and application layer companies [18] - There is a particular interest in companies building vertically-oriented products for specific users with unique insights [18][19]

When you're hearing the masterplan part for a using Optimus could really be 80% of revenue. Well, optimistic about, you know, creating like humanoid robots that could take billions of jobs on the planet. So as long as you remain vague on timeline and what the scenario looks like, yes, it's very easy to imagine that, you know, Tesla would be first like expanded in terms of valuation with like a successful robotaxi operation and then, of course, like a fleet of like hundreds of millions of humans in robots wo ...

We have specific numbers about initial orders that India has for tests. So just explain that to us. Great.Yeah. Just a little over 600 orders at this point. And, you know, just to put that number into perspective, Tesla delivered roughly that number of vehicles around every 4 hours in the first half.So really, really tiny. And this is not necessarily a shock, right. India is a very price price conscious, price sensitive market.There's not a lot of demand for for more expensive vehicles. And part of that, of ...