John, tell me how you're using AI at CPBIB.

The test for AI is, does it make us a better investor, better underwriting, better risk-taking, better decisions on behalf of twenty-two million Canadians? AI now touches every stage of our investment life cycle.

If there was a tagline, it's trying to get AI to help us read everything, remember everything, and challenge everything.

The intent around read everything is across all of our investment teams, across total fund manager, the office CIO, bring as many eyeballs to bear on everything that we would have wanted to look at in the past but could never reach.

Natural language processing with LLMs allowing us to read filings and earning calls, transcripts across a much broader universe than any team could have historically covered.

In places like secondaries and private equity, we've scaled our capacity to price and underwrite LP portfolios with tens to hundred plus underlying companies in a single transaction, so we evaluate more deals.

Our entire deal history is now queryable, so that means for things like comparing governance rights in a new deal against the existing book.

I'd love to tackle how you went from zero to where you are today.