E-Trade

It was a company started, oh, geez louise, at least 15 years ago.

Now the platform is wrapped into E-Trade, if I'm not mistaken.

But yeah, TradeMonster doesn't exist anymore.

But the hat, had to dust it off a little bit.

But it was an interesting day.

Sure enough, that company wasn't around too much.

They ended up getting folded in, as you said, to E-Trade and one of the many tombstones in the world of options brokerage these days.

But Dan, you know what? We could reminisce fondly for days.

Now you don't need a broker for managing your accounts.

You can have your E-Trade or your Fidelity or your Charles Schwab right at your fingertips.

You have ChatGPT that can help you figure out some of these contract nuances.

So having a team is very important, but also you can do a lot.

And they look exactly the same as Robinhood.

And E-Trade slash Morgan Stanley is the same shit.

And they're just trying to get you to do prediction markets and 3x leveraged ETFs and Bitcoin and 5,000 shit coins and meme coins and NFTs and whatever.

You know, all stocks, all the time, everything all the time.

Did you, did you get the point of that, Alex?

I just saw it on E-Trade, so I thought it'd be very interesting to talk about.

Like-

Yeah

On the rooftop, it's about ease of use.

It's about going to the outcome, right? Like, hey, I just want to chill out and I want to trade on my E-Trade or whatever the thing is, or I have to plan a family vacation, right? Like you're looking at outcomes.

You don't care as long as there's like you know your basic things are working right so what we provide with rockham is like the ability to like hook in at every level but at the end if there's no meaningful value built for you to use ai on amd platforms it's meaningless right so taking an example of that like we have powerful products that are increasingly very delightful to use right again so we start with client and laptops six halo for the past three years has been the leading ai inference local inference story, right? It's got 128 gigs of RAM.

So you can run very large models on a laptop form factor, right? That's my like primary laptop.

And the second thing, again, to me, it's AI first.

And so what that means, just to take a step back, we all agree here that AI is a new, it's not just a new paradigm, it's a new platform, right? There's new products that are built on AI as a platform, the same way that mobile was a new platform, the same way that internet was a new platform, right? And so every change of platform There's new contenders that usually win the market, right? Like there was E-Trade on the web.

Then there was Robinhood in mobile and E-Trade had an app, right? But it's Robinhood that was mobile native that kind of won that market and then Revolut for banking and all that.

And so like for AI, what we think, you know, is that, you know, like it's going to be a new contender that's going to win this market, this AI first investing, whatever that looks like, right? So it's going to be

us, it's going to be someone else we'll see.