00:00 Speaker A
So from a Parthian perspective, there are actually two AI markets. Those using AI refer to enhanced intelligence to do basic things but not sophisticated enough to change revenue or profits. That’s a huge market.
00:19 Speaker A
Well, you could argue, as a knowledgeable citizen, that while that market is very large, it may not be creating enough value to justify the actual cost of a large language model or its implementation.
00:37 Speaker A
What we’re seeing in the field, not as a repeat, not as an opinion, but the fact is it’s a subset of that larger AI market, I would call AI that works in ways that can change the battlefield, can change the bottom line, can change the bottom line.
01:00 Speaker A
By the way, you can do it so quickly that you can do it in public. Therefore, it can be run as a public company. It can be done in a private setting, but it doesn’t inherently require the company to be private. Or you can do it so quickly that you can change the situation on the battlefield.
01:17 Speaker A
That part of the market, that subset of AI that can show you quantifiable outcomes, life and death, safety outcomes, or outcomes where margins or revenues actually change dramatically and fast enough, that you can capture value while running the company in the structure that currently exists.
01:42 Speaker A
So in order to do these things, you used to have to isolate your facility, essentially isolate your facility. I want to rebuild the military, I want to rebuild the company. I want to change the trajectory of private companies.
01:54 Speaker A
The timeline and what we got was that we had to take it offline for five years because there was violence involved. Well, it really is, but you still have to do it sometimes.
02:04 Speaker A
What’s special about the category we’re in is that we can do all this very quickly and show quantitative results.
02:15 Speaker A
And that part of the market is growing as a subset. In other words, this is only a small portion of the entire AR market, if any at all. That’s what’s reshaping the rest of the AR market. So what we’re seeing on the ground, um, is that people are very, very accepting in this situation.
02:37 Speaker A
No matter where you are on the planet, you can show that you have operated in a similar environment.
02:45 Speaker A
So the weak part of the market, where people talk about bubbles, is in the institutional context, not the consumer internet. There, you cannot and cannot show that things are working.
03:00 Speaker A
That part of the market is very weak and disappearing. Now, some of the markets that we participate in, you’ll see the results right away and you’ll receive a portion of them. That part of the market will become larger and larger, and that part of the market will dominate the rest of the market in an institutional context.
