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Great read. Two things.

1. The shift from on-premise to the cloud is a good framework for thinking about the adoption of AI technologies. Look at how long it’s taking Oracle to get customers off JDEdwards and onto Netsuite. Meaningful workloads take a long time to move because of the business risk for the customer.

2. In some ways, I wonder if MSFT should’ve learned from META last decade-- you want to own the underlying tech.

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