Yes, I would be happy to.
We face robust competition in all the markets we operate in. Cloud computing is a great example. There are not a large number of players in the cloud market, but competition is very strong, prices are dropping, and it enables, as my colleague was saying, new kinds of business models that were really previously impossible.
I worked for some years in our public sector business at Amazon Web Services. What I saw there was that we had very small companies, 10-, 20- or 30-person companies, competing for large government contracts that would have been impossible for them to compete for prior to the existence of cloud computing. It would have required a very large, dedicated government contractor to compete for these large contracts because they required so much infrastructure and so much capital investment in order to go after a large contract.
With the ability to get onto many IT services from cloud, you now have this great democratization, to reuse that word, of international market access, of mom-and-pop shops with international market access, whether through Amazon sellers on our retail site or through using our cloud platform. I think competition is really strengthened because some of these large-scale players enable people to access a broader set of markets.