Mike Gonzalez: Even if they're all at the frontier and you see some benchmarks where they're all kind of like in the top right, they are very unique, you know? And so if you're an enterprise multi-strat fund or a big kind of portfolio manager, does your CTO or your chief security officer, do they let you just go, you know, build a bunch of stuff? So there's things like that. And there's also just my reflection on the system and the system that we've built. The number of decisions to get that system, there's just so many decisions. And then even thinking about, there's only a couple other public companies that are doing what we're doing, and it's more on the quant side. I think I kind of see that. It's kind of like what you see on X, where it's trading bots, it's quant, not so much on more of kind of portfolio construction and thinking a little bit more long term. So that's the reason why the answer is no. The reason why I think the answer is yes is because I think there will be companies like Benchmark AI. And what we really do is we just research the application of AI on investing. And we're going to package up that research and stuff like this. It's going to get out there. You know, I think all the research that we're doing, it's going to get out there. And the way that we think about the business. We have a system and that system produces, you know, financial products. And on one side, you know, we are looking at private funds, you know, stuff that's, you know, a little bit more, you know, private bespoke has, you know, specific agreements. On the other side, we want to create an index and we want to create indices. And when you think about the S&P 500, there's a committee and they pick the stocks. When you think about Nasdaq, it's more rules-based, but they do have some discretion, like they just put SpaceX in, there's things like that. So if you got the traditional S&P 500 doing research, Benchmark AI is doing the research, and we're going to use our frontier AI systems to produce indices. And I think that's where AI might... You know, kind of become the market if there's strategies like this that package up everything AI is doing and the learnings and then it becomes an end to see. And then it's like the Q's, it's like SPY, it's something like that where it's like, you know, you just have these systems that are just driven by AI.
When you think about Nasdaq, it's more rules-based, but they do have some discretion, like they just put SpaceX in, there's things like that.