Gerstner cites Wiz raising at $10B valuation with $200M ARR as evidence of late-stage market activity.
“I just read Wiz raised more money. It's got $200,000,000 ARR raised at 10,000,000,000. So those markets are definitely”
Gerstner notes hyperscalers added over $15 billion in ARR this quarter, the largest ever aggregated.
“In the quarter, if you aggregate the hyperscalers together, we added over $15,000,000,000 in ARR. That's annual recurring revenue, the single largest quarter in the history when you look at that aggregated number.”
Gerstner notes cloud providers set record $15 billion net new ARR while reaccelerating from $100 billion run rate.
“Now mind you, these things are reaccelerating in the case of AWS from a $100,000,000,000 run rate, right? So like the, you know, you're reaccelerating.”
Gerstner says he banned the term ARR at Altimeter when discussing AI revenues.
“But when we look at what's going on in AI, I've banned the use of the term ARR within altimeter when we talk about AI revenues,”