over 11 billion of operating income. And this is a lot like the SpaceX AI story where the value of the compute infrastructure that's been built is just tremendous. The question is, does Google actually have the models that sit on top of it? And in many cases, they do. So they can make a higher margin on that piece of the stack. So when I say it's complicated, I think there's a story you can build in the cloud business that shows the next couple of years of really progressive growth in that business. The core Google services, I think, is when
And this is a lot like the SpaceX AI story where the value of the compute infrastructure that's been built is just tremendous.