The Transcript @TheTranscript_

We write a weekly newsletter of quality quotes from Earnings Calls | Editor: @Skrisiloff | Lead Author: @ekmokaya | Publisher: @Avondaleam | thetranscript.substack.com/subscribe Joined October 2017

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The Transcript @TheTranscript_

16 hours ago

$TEAM Atlassian CFO James Chuong: Jira is a ~$2.5B ARR franchise, Confluence ~$1.5B “Jira is our largest business. It's a $2.5 billion ARR business with roughly 150,000 customers today… our service collection business, which just crossed $1 billion in ARR… In Confluence… that's a $1.5 billion business with 100,000 customers.”

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22 hours ago

It’s possible to write bug free code. In ~2 years it’ll be impossible not to.

a16z @a16z

7 days ago

Greg Brockman says OpenAI pointed Astra at its own systems until it ran out of vulnerabilities to find: "We took 25% of our production engineers and said, 'Sorry, all your projects are on hold. You are now defending. You are now up-leveling our security architecture. You're

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18 hours ago

$KO Coca-Cola CEO: AI is materially reducing creative production costs and cycle time in consumer campaigns “We're doing the creativity work of the campaigns with a fraction of the cost and a fraction of the time.”

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19 hours ago

$SNOW Snowflake CFO Brian Robins: “I know folks like yourself would go and scrape the Internet for open reqs and try to see how much people are hiring and that would be an indication of growth, like unfortunately, you can no longer do that.”

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20 hours ago

$BAC CEO Brian Moynihan: The bank is limiting autonomous AI-agent risk by requiring human accountability for outputs. “This [past] weekend was a lot about the risk in AI, and that largely is around agents just left to operate, and we just don't do that.”

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21 hours ago

$SHOP Shopify CEO Tobi Lütke: AI now originates ~50% of Shopify pull requests “A very large percentage I want to say it's it's probably up to about 50% of pull requests in Shopify which again pull request every time you change a production system you write a pull request are created now um not by um engineers doing engineering work in the traditional sense but out of conversations in our common company share chat.”

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10 hours ago

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23 hours ago

$BAC Bank of America CEO Brian Moynihan: AI use cases are already delivering positive ROI "We're now probably the 130, 140 have implemented things at a cost of $400 million, generating a benefit of $800 million, and we're in a process of capture, spending that money and getting those costs, but they're all agreed to and being going in the system. And we think that's doable.

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a day ago

$JPM CIB CEO: JPMorgan is imposing exposure limits to avoid overconcentration in frontier-model companies and hyperscalers. “We're making sure our portfolio remains granular with exposure limits to frontier model companies, the hyperscalers. You could very quickly fill up on this stuff...We understand what the blast radius would be if a range of different adverse scenarios for however AI may play out."

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13 hours ago

$DELL Dell CFO: AI backlog reached $95B “So when we talk about our backlog at $95 billion or when we take orders in $61 billion in Q2, that's gone through a pretty rigorous setting process on two avenues. One, we've completed all the durability tests around credit assessments, financing, making sure the cash is good, et cetera, et cetera, and also on the design piece. So we will have worked particularly on the bigger Neocloud designs, like I said earlier, 20 to 50 iterations of that. So it's a solid customer, credit is aligned, financing is aligned. And we have, I'll call it, an 80-20, 90-10 alignment of data center readiness in terms of timing. So we have approximate ship dates we're going to do that."

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16 hours ago

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2 days ago

Fed Vice Chair Michelle Bowman on the role of social media in the failure of Silicon Valley Bank: "Charles River Associates...concluded that social media did not trigger the bank run at SVB & there was no evidence that social media accelerated the run" federalreserve.gov/newsevents/spe…