Maybe just to start with the headlines that are kind of fresh, like, walk us through what, what are these deployment companies, and why did OpenAI and Anthropic feel that they needed to launch them?

Yeah.

It's such a fascinating moment, and it's really, um, these two companies, OpenAI and Anthropic, admitting that their technology is amazing but not enough to solve the bottlenecks that enterprises face, and that those bottlenecks are so significant that not only do they have to hire tons of people at each of their companies, including forward deployed engineers, but they actually need separate standalone companies to go tackle the diffusion through parts of the economy.

And in this case, they've teamed up.

So OpenAI built Deployco.

They did it with a handful of private equity firms.

Anthropic did the same.

Yeah.