Michael Cyprys

“Today, AI compute clearly a scarce and heavily constrained resource. Just curious how you see that perhaps evolving over time as more capital and resources are brought to bear over time.”

“Just wanted to ask on private wealth, which I think has exceeded your expectations there, despite some of the recent volatility.”

“Curious what you see as the biggest barriers to further their electronification and swaps from here, and where are you seeing the fastest progress so far, and what can TradeWeb do to accelerate adoption as you look out?”

“Just wanted to ask about AI deployment across portfolio companies. Curious where specifically you're seeing AI-driven revenue uplift versus AI-driven cost savings in the portfolio, and how might you quantify that so far?”

“Just curious to get your latest views there. And if blockchain-based settlements reduce settlement times to near instant, how do you think about that impacting clearing revenues and collateral economics across your platform?”