Ethan Ding

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      "claimText": "Salesforce keeps posting double-digit growth now, but big customers are openly planning two-year exits to free cash for GPUs, and the per-seat model gets squeezed as AI agents do the work.",
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        "excerpt": "Yeah. How have you been processing the SaaSpocalypse narrative? Uh, Benioff was given some pushback. Uh, other folks were very bullish on it. There's a whole bunch of different data points. I've been just shocked that, uh, We haven't seen revenue declines from really any software company that's been targeted, although, you know, you could talk about the long term, but slowing growth, the growth like these companies are still growing even if they are in like the direct path of the AI companies."
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      "claimText": "A cloud-data bill becomes the first line cut to free cash for GPUs, with workloads fleeing to bare Postgres on AWS or Google, and the analytics vendor's premium consumption growth dries up.",
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        "excerpt": "It's not like they're going to another vendor. They're just like, I need to free up money to set on GPUs, set GPUs on fire. Sure. And I'll pay anybody to move me into a Postgres instance in Google Cloud or AWS."
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