Nvidia

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externally. Google already made a deal to sell sell like 20% of their TPUs to anthropic. On the last earnings call, Andy Jasse practically confirmed that they'll be selling tranium 3es or maybe tranium four or those tranium chips sort of eventually externally, which makes sense. That gives them a long-term buy into these companies. There's a huge amount of R&D that goes into developing chips. They get more leverage on their spend. It it it all makes sense. And by the way, they're not selling their chips on differentiation. They're selling their chips as commodities. Nvidia is the one selling differentiation. People aren't going to Amazon to use tranium.

Nvidia is the one selling differentiation.

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