thomson reuters, we knew that because of the partnerships they had done in the system.novel partnerships and m&a. cool weavers, they are attempting to acquire assets at the moment, but looking at the large language model plays, openai with relationships with microsoft and others, you are seeing anthropic being funded by google and amazon. then you get hi-res in the inflection. rebecca: i think they call that ai money laundering, right? nick: she said it, not me. [laughter] rebecca: there were some articles out there about that that were pretty interesting. nick: on aggregate, it's about how integral they are to either scale forms with and to end solutions and capabilities for their customers. as it relates to inflection and microsoft, it speaks to the regulatory i met, right? that was positioned and structured as a license for the model. you are seeing a pickup in yield terms, regulatory brain freeze and the like. it's going to be harder to do big m&a. rebecca: we saw that with thomson reuters coming out before saying that ai would disrupt their entire business. they di

he has held several senior level positions at thomson reuters. reuters, including as ceo of significant business units, and has he and he began his career at pearson, first in an editorial capacity and eventually becoming ceo of its professional education and information business unit and our moderator, lucia rahilly is global editorial director at mckinsey and company. lucia is global is also deputy publisher of mckinsey global publishing, a team of more than 100 people worldwide. lucia co-hosts the mckinsey podcast and co-moderator mckinsey life. please welcome our guests today. can you hear me? hello. hi, folks. i'm lucia rackley, i i'm mckinsey's editorial director and i am so grateful to be together with you today to speak with the leaders of some of the biggest and most respected publishing houses in the business. book publishing as you know, like many other industries, is in the throes of rapid change in technology innovation. and we'll look to our roundtable and our panelists today to illuminate what's new, what's now and what's next. in