We discuss exact quantization of gravitational fluctuations in the half-BPS
sector around AdS5×S5 background, using the dual super Yang-Mills
theory. For this purpose we employ the recently developed techniques for exact
bosonization of a finite number N of fermions in terms of N bosonic
oscillators. An exact computation of the three-point correlation function of
gravitons for finite N shows that they become strongly coupled at
sufficiently high energies, with an interaction that grows exponentially in
N. We show that even at such high energies a description of the bulk physics
in terms of weakly interacting particles can be constructed. The single
particle states providing such a description are created by our bosonic
oscillators or equivalently these are the multi-graviton states corresponding
to the so-called Schur polynomials. Both represent single giant graviton states
in the bulk. Multi-particle states corresponding to multi-giant gravitons are,
however, different, since interactions among our bosons vanish identically,
while the Schur polynomials are weakly interacting at high enough energies.Comment: v2-references added, minor changes and typos corrected; 24 pages,
latex, 3 epsf figure