Unknown Analyst

All right. Hello, everyone. My name is [ Rod ] Dewan. I'm the Co-Head of our Fintech Investment Banking practice. I'm pleased to be joined by Paul Gu, who's the Co-Founder and CEO of Upstart. Looking forward to the discussion today.

To ensure that I don't get my wrist slapped, I'm going to read a disclaimer before we get into it. Today's discussion may contain forward-looking statements that relate to future results and events, which are based on Upstart's information available as of today and are subject to risks and uncertainties. Actual results may differ materially from these forward-looking statements. Our discussion may also include non-GAAP financial measures, which are not a substitute for GAAP results.

Please refer to the company's filings with the SEC and its IR website for additional information, including GAAP to non-GAAP reconciliations, along with other disclosures.

Unknown Analyst

All right. Maybe with that, AI is the leading AI lending marketplace, connecting consumers to hundreds of partner banks and credit unions. Enabling an automated and streamlined borrowing experience, Upstart has expanded access to credit for millions of consumers and improved risk decisioning, leveraging its advanced AI models. Paul, you co-founded Upstart, what, 14 years ago now?

Paul Gu
CEO & Director

2012.

Unknown Analyst

And you previously served as the company's CTO, where you helped build and scale the core technology and AI-driven credit platform. And congrats on your recent appointment to CEO, and appreciate you being here today.

So maybe with that, just take us to the beginning. You cofounded this company 14 years ago. You dropped out of VL as a