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Speaker 1: From mahard of where Innovation, Money and Power Collie in

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Speaker 1: Silicon Valley, NBN. This is Bloomberg Technology with Caroline Hyde

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Speaker 1: and Ed lud Love.

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Speaker 2: I'm Caroline Heine, Blomberg's world headquarters.

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Speaker 3: In New York, and I met Ludlow in San Francisco.

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Speaker 3: This is Bloomberg Technology.

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Speaker 2: Coming up.

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Speaker 4: We'll bring you the latest updates from the Israel Hamas war,

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Speaker 4: as fighting continues for a third day.

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Speaker 2: Everything we know ahead, and we'll.

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Speaker 3: Speak with technology executives who own and operate businesses in

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Speaker 3: Israel for thee.

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Speaker 5: On the ground and what it means for Israel's tech.

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Speaker 4: Sector, as we'll look at what heightened geopolitical tensions mean

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Speaker 4: for investors as markets face fresh volatility.

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Speaker 2: But first we will get you the latest updates.

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Speaker 4: Coming out of the Israel Hamas War. We want to

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Speaker 4: go to our water on the ground, remogs Gallett Alstein,

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Speaker 4: and is wonderful to have some time with you, Gallet

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Speaker 4: and just bring us up to speed with just where

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Speaker 4: you are and how it's all occurring at the moment.

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Speaker 2: What's the latest?

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Speaker 6: Yeah, so actually we're seeing us some development here today.

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Speaker 6: I would say basically on three or four arm fronts

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Speaker 6: all slightly different than one another. So on the southern front,

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Speaker 6: where the attacks have been taking place since Saturday, we're

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Speaker 6: all seeing the area more contained. Quite surprisingly, there are

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Speaker 6: still infiltrations of attackers from Hamas from the Gaza Strip

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Speaker 6: into the Gaza vicinity inside Israel, but we're seeing a

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Speaker 6: lot less of that, and basically I would say that

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Speaker 6: the entire area over there is now under control in

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Speaker 6: that sense, in the sense of the infiltrations that we've

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Speaker 6: been seeing over the last two days, the communities and

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Speaker 6: the settlements that are very close to the Gaza offense,

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Speaker 6: about twenty four settlements or being evacuated at this time

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Speaker 6: of the residents. Another development we're seeing today over the

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Speaker 6: last few hours is on the northern front. It is

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Speaker 6: not major at this time, but that is something that

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Speaker 6: is definitely attracting a lot of attention because you know,

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Speaker 6: of the big questions now is whether Bala, on account

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Speaker 6: of Iran, will be joining in, you know, with with

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Speaker 6: the Gaza attentions and what is coming up there. So yeah,

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Speaker 6: so so so so that has been escalating, but but

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Speaker 6: a little bit. It's it's very it's very contained at

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Speaker 6: this time, and it's nothing major, but but but it is.

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Speaker 5: Happening, Jalit.

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Speaker 3: What has been the government response Prime Minister Nsna who

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Speaker 3: over the weekend had talked with the political opposition about

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Speaker 3: a wartime government across party wartime government.

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Speaker 6: Yeah, so so that is still definitely on the tables.

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Speaker 6: There have been some talks to day between a team

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Speaker 6: on account of Prime Minister in Attaliao and teams that

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Speaker 6: are negotiating on behalf of opposition parties, mainly the party

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Speaker 6: led by opposition leader Benny Gantz. So so so they're

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Speaker 6: still talking talking about that.

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Speaker 7: We do not know where it's going.

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Speaker 6: It does look like there is a fair chance of

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Speaker 6: that happening, especially with with the complex situation in Israel

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Speaker 6: that has been very divided over the past few months

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Speaker 6: over a government proposed judicial overhaul. So now to form

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Speaker 6: a government, uh like that would sort of mean also,

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Speaker 6: you know, in the sense of public opinion that you

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Speaker 6: know Israel is putting all the differences aside and uniting

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Speaker 6: in the front against the Hamas. So so that is

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Speaker 6: still on the table and we're still waiting to see

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Speaker 6: developments on that.

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Speaker 3: All right, bloombergs gallet Austein, thank you very much. Let's

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Speaker 3: get right to it now with Target Global partner Shmiel Chafets,

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Speaker 3: who's joining us live from Israel, and Schmil, I want

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Speaker 3: to explain to our audience what they're they're looking at,

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Speaker 3: what they're about to hear. You are a venture capitalist

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Speaker 3: normally based in Tel Aviv, but overnight you've volunteered to

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Speaker 3: be a reservist by virtue of you being too old

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Speaker 3: to be conscripted. I think I'm right in saying, and

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Speaker 3: you have already been deployed. As best you can, just

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Speaker 3: explain what you're doing.

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Speaker 2: I think, unfortunately a muted thank you.

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Speaker 8: I'm sorry, sorry, sorry, Unfortunately I'm a bit too old

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Speaker 8: to get called up to my usual unit.

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Speaker 7: But I did find myself.

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Speaker 8: Some something useful to do, and I've been doing it

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Speaker 8: since this morning, with many many others.

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Speaker 3: So Shmiel, you're avenge capitalist that invests in Israeli startups.

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Speaker 3: But I guess that the question this stage is why

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Speaker 3: have you done this? Why have you felt compelled to

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Speaker 3: put aside your day job and take on a deployment.

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Speaker 7: I think we're in a war.

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Speaker 8: This is a different situation than anything we've seen for

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Speaker 8: fifty potentially for seventy five years Saturday was the bloodiest

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Speaker 8: day in probably in Israeli history, Bloodier than any day.

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Speaker 7: In the Yom Kipoor War in the War of Independence.

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Speaker 8: Hundreds if not more of soldiers, but women, children, elderly

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Speaker 8: people were killed in their beds in what is undisputedly

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Speaker 8: Israeli territory. And I think, as in Israeli, it is

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Speaker 8: my duty to all of our duty to come and

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Speaker 8: protect our country this. I'm doing this for my kids

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Speaker 8: because this war will be a big part of determining

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Speaker 8: the country that they will live in.

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Speaker 7: And this will not be I don't think this is

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Speaker 7: going to be another operation like we've been accustomed to.

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Speaker 7: This is a war.

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Speaker 8: It is a war of different magnitude than what any

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Speaker 8: of us I think have seen in at least in

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Speaker 8: my memory.

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Speaker 4: Well, this is a story of people, of family, of

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Speaker 4: your children, as you cite.

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Speaker 2: This is a story also.

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Speaker 4: Of people trying to build economically, and indeed a time

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Speaker 4: that you are someone that wants to see a thriving

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Speaker 4: startup community, one which I think you have twenty four

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Speaker 4: portfolio companies. It's hard to talk about business in a

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Speaker 4: moment such as this, but how are you thinking about

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Speaker 4: what this does to an economy, to the people who

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Speaker 4: want to build.

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Speaker 8: I think that what we're seeing today in Israel is

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Speaker 8: the reason that Israel has been so successful as a

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Speaker 8: startup nation.

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Speaker 7: We're seeing hundreds of thousands of people.

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Speaker 8: Getting out of their lives, getting into uniform in moments,

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Speaker 8: and people have been just rushing into military service.

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Speaker 7: They're actually in most of the phone calls that I'm

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Speaker 7: getting there.

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Speaker 8: About people being turned away trying to find a spot

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Speaker 8: somewhere to go and fight.

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Speaker 7: And a part of this, this is the social cohesion.

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Speaker 8: This is the spirit of entrepreneurship that makes Israel successful

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Speaker 8: as a startup nation, is what we're seeing today.

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Speaker 7: I think this is an.

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Speaker 8: Integral part of Israel actually, and I think one of

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Speaker 8: the reasons that we will come out of this stronger

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Speaker 8: and better the fact that this is really a civic

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Speaker 8: society that knows how to how to also fight. And

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Speaker 8: many of our portfolio companies, the CEOs developers are now

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Speaker 8: fighting in different in different areas, and I think it's

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Speaker 8: the way it's going to be.

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Speaker 7: But when we get back to work, we'll get back

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Speaker 7: full force.

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Speaker 4: How are you using technology right now to inform yourself

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Speaker 4: to stay connected.

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Speaker 8: Well, luckily we have a good five G everywhere as

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Speaker 8: real as a small country, so we have the luxury

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Speaker 8: of being in a warzone.

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Speaker 7: It has good, good enough coverage to do a video.

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Speaker 5: Call as sure.

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Speaker 3: And on that No, I just remind our audience that

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Speaker 3: you're coming to us in military attire. You've volunteered for

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Speaker 3: a deployment, but you are a bench capitalist. You know,

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Speaker 3: you talked about some of the phone calls that you're getting,

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Speaker 3: be it friends or industry partners.

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Speaker 5: You have Israeli colleagues who.

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Speaker 3: Are working at Target but deploying capital in Europe, in America.

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Speaker 3: Do you think that any of your friends or partners,

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Speaker 3: or indeed portfolio founders will come from overseas abroad back

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Speaker 3: to Israel to join you in the initiative that you

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Speaker 3: are taking.

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Speaker 7: Yeah, I think many are.

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Speaker 8: We've helped organize some planes for reserve soldiers who want

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Speaker 8: to get back, and then many people are crowding the

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Speaker 8: airport and the airport's trying to get back and help.

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Speaker 8: And also we're getting a lot of support from our

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Speaker 8: from Israeli, from our Jewish but also from our non

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Speaker 8: Jewish friends and colleagues.

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Speaker 7: In Europe, in the US in the Middle East.

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Speaker 8: We're offering condolences, support and help them.

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Speaker 7: So we're seeing a lot of outpart.

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Speaker 8: I think people do understand that this is a very

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Speaker 8: unique situation, probably once in a generation.

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Speaker 3: Sorry to interrupt you, Caroline summarized it completely right that

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Speaker 3: it's difficult to talk about business and operating right now.

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Speaker 3: But what happens to your portfolio companies? Can you deploy capital?

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Speaker 3: Is there a need to sort of deploy capital because

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Speaker 3: of the situation in Israel and helping those companies continue

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Speaker 3: to operate or are they able to continue with some normalcy.

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Speaker 7: So I think Israel is very good.

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Speaker 8: At continuing to operate normally in abnormal situations. And as

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Speaker 8: far as the portfolio companies are concerned, you know, everybody

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Speaker 8: have made arrangements to try to keep the businesses running,

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Speaker 8: to have a business continuity. You know, CEOs have been

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Speaker 8: called up, have been signing resolutions all morning, getting the

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Speaker 8: new signatories set of CEOs that have joined, and I

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Speaker 8: think we have definitely some people are now going to

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Speaker 8: join up and will continue to work, and our colleagues

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Speaker 8: abroad will come into work, so I think we will

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Speaker 8: be able to operate close to normal as close to

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Speaker 8: normal as possible.

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Speaker 7: Even during the war.

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Speaker 8: It's one of the things that happens in Israel because

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Speaker 8: we are unfortunately useless. It happens not in this magnitude

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Speaker 8: that has happened before. Our companies have plans for it,

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Speaker 8: and they'll continue to operate.

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Speaker 4: Business continuity, something unfortunately that you've had to understand and

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Speaker 4: prepare for. And to that note, we had, of course

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Speaker 4: galet Elstein on Elstein just a moment ago talking about

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Speaker 4: the divisions in internal politics of late within Israel. How

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Speaker 4: much has that affected business? How much has that affected

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Speaker 4: the flow of money coming into Israel of late, if

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Speaker 4: at all.

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Speaker 7: I think that.

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Speaker 8: It has affected, of course affected the Israeli economy. But

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Speaker 8: I think it's absolutely not the time to deal with

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Speaker 8: it right now is time for national unity. Now is

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Speaker 8: the time to put our divide behind us and just

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Speaker 8: to go to a fight.

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Speaker 3: Smill from a unity standpoint that there are many global

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Speaker 3: technology companies. Intel, for example, has twelve thousand people in Israel.

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Speaker 3: They've made commitments to expand their fab way for fab

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Speaker 3: manufacturing footprint there. But do you worry about the sort

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Speaker 3: of long term attitude that global tech players who do

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Speaker 3: have a really heavy footprint in your country. Now, now

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Speaker 3: take how they view Israel.

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Speaker 8: First of all, I hope they're view their commitment is

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Speaker 8: long term, and I hope they'll understand that Israel still

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Speaker 8: has a lot of unique talent to offer unique capabilities

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Speaker 8: in the tech space.

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Speaker 7: And I'm sure that once, once this ends, and it

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Speaker 7: may take some time, but it will end.

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Speaker 8: And we will win, they'll be back for force operating here.

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Speaker 7: As they have for many years. I mean, Intel's been here.

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Speaker 8: Through a lot and they've still thought it was worthwhile

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Speaker 8: to continue to invest and I'm sure they will continue

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Speaker 8: to do so in the future, as.

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Speaker 2: Will you have.

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Speaker 4: Of course, just been talking about the ecosystem. What makes

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Speaker 4: entrepreneurial spirit different in Israel? Do you worry about talent

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Speaker 4: the flow of talent? Do you ever concern yourself that

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Speaker 4: people aren't like you, that they don't return to deploy

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Speaker 4: money to make their headquarters within an Israel based business.

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Speaker 8: I want to tell you that I think when we

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Speaker 8: spoke last I think we talked a little bit about

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Speaker 8: the political issues in Israel, and I think there was

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Speaker 8: a flow of talent out of Israel. But I think

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Speaker 8: after this there'll be a flow of talent back, because

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Speaker 8: I think in the Israelis feel committed to this country,

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Speaker 8: and when it is in trouble, they return, and I

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Speaker 8: think there'll be a flow of talent back, not out

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Speaker 8: of this, not out of his room.

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Speaker 7: After the stands.

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Speaker 3: You're referring to the reaction to the judicial reforms and

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Speaker 3: the debate that that causing the country. Just very quickly

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Speaker 3: before we let you go, will you continue doing deals?

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Speaker 5: Target Global?

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Speaker 3: Will you continue with rounds that you had in the

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Speaker 3: works prior to the weekend's attack.

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Speaker 5: Will continue.

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Speaker 8: We have a big international team and our team will

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Speaker 8: continue to work as as normal. We have a great

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Speaker 8: team and a strong partnership. Will continue to work in

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Speaker 8: the well. Each do our well, each do our bit.

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Speaker 8: But we will continue and we're going to continue to

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Speaker 8: meet all of our commitments to every Israeli company and

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Speaker 8: continue to support our purporting throughout and at the same time,

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Speaker 8: we're going to give resources to support people who need

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Speaker 8: our help.

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Speaker 7: Yeah, there are.

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Speaker 3: A lot of Smill chae Fetes, Schmill Chaffetes of Target Global.

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Speaker 3: We're very grateful for your time. You know, to our audience,

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Speaker 3: you're joining us on deployment. You volunteered as a result.

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Speaker 3: But your your day job is as a VC and

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Speaker 3: we thank you for bringing us that venture capital perspective

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Speaker 3: on literally on the ground.

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Speaker 5: Thank you very much, Caroline, thank you for having me

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Speaker 5: across the macro and the micro.

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Speaker 3: There's so much still to discuss, particularly on the market impact.

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Speaker 3: We have Tom Slater, who's head of US Equities at

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Speaker 3: Bailey Gifford joining us next on the program. This is

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Speaker 3: Bloomberg Technology.

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Speaker 4: It is a day of geopolitical tension, is a day

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Speaker 4: of volatility that's heightened in the markets and the impact

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Speaker 4: that that has on or tech globally and indeed appetite

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Speaker 4: for risk.

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Speaker 2: But we're going to move into.

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Speaker 4: How the implications are testing investor appetite right now with

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Speaker 4: one key investor, Tom Slater, as head of US Equities

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Speaker 4: over at Bailey Gifford. And Tom, we want to go

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Speaker 4: broad with you and the holdings that you have and

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Speaker 4: the tactics that you deploy with Bailey Gifford. But on

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Speaker 4: a moment where we do see more of course, between

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Speaker 4: Israel at the moment and Hamas, how are you thinking

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Speaker 4: about that implicating some of the companies with which do

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Speaker 4: business in the area, and whether or not it does

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Speaker 4: change your sentiment on technology, writ large.

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Speaker 9: Well, I think it's obviously a dreadful situation, but actually

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Speaker 9: understanding what the long term implications of what's happening will

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Speaker 9: be is just going to take time. And so the

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Speaker 9: starting point from my perspective is that you just take

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Speaker 9: your time and ask the question what's really going on here?

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Speaker 1: And actually reacting trying.

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Speaker 9: To think you know better than the market and the

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Speaker 9: short run is not the right way to generate returns

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Speaker 9: for your clients.

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Speaker 3: Tom A question posed on Bloomberg Television throughout the day

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Speaker 3: has been defense stocks or defense technology stocks and how

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Speaker 3: much I guess of a knee jerk reaction it would

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Speaker 3: be to think about that as a sector.

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Speaker 5: What is your attitude towards event?

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Speaker 9: Well, I think we own no defense stocks as the

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Speaker 9: starting point, but I think you can see that there

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Speaker 9: is clear pressure for NATO countries to increase their spending

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Speaker 9: on this area.

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Speaker 1: You know that.

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Speaker 9: They have clearly been shortages in a number of areas

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Speaker 9: that is going to require a structurally higher level of spend.

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Speaker 1: So there is an interesting argument there.

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Speaker 9: But I think as you in the way you ask

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Speaker 9: the question about technology, I think one of the things

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Speaker 9: that we've learned in in Ukraine over the past eighteen

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Speaker 9: months is that actually things.

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Speaker 1: Have moved on a lot.

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Speaker 9: Whether we're at drones as an example of that, in

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Speaker 9: the way that wars have been fought. So actually, as

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Speaker 9: in most other areas, thinking carefully about how technology kind

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Speaker 9: of have transformational impacts is just as important in defense

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Speaker 9: as it is elsewhere. It's not about sort of taking

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Speaker 9: that top, top down view and making an allocation.

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Speaker 2: Tom.

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Speaker 4: Talking of allocation, we're looking at some of the key

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Speaker 4: holdings that you have. Of course, a trade desk shop

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Speaker 4: of I in Vidia, Amazon, I.

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Speaker 2: Mean in Vidia, of course an extraordinary.

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Speaker 4: Rocket ship to have been aligning yourself with of late

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Speaker 4: when that comes to elements of AI, but also geopolitically encircled.

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Speaker 4: When we think about it, it's exposure to China. How

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Speaker 4: do you discern which companys the ones which you want

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Speaker 4: to be seeing emboldening and indeed allocating money towards well.

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Speaker 9: I think if you stick with that example of Nvidia,

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Speaker 9: we bought the stock in twenty and sixteen and we've

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Speaker 9: been holders of continuously since, and the investment thesis is

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Speaker 9: around the application of their technology. And if you go

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Speaker 9: back to twenty sixteen. Yes, there's this opportunity in AI,

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Speaker 9: but it's also in the data center, in self driving vehicles,

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Speaker 9: in ARVR, so a technology which has really broad application.

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Speaker 9: And then where you find a company that addresses such

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Speaker 9: a big opportunity, The question is really how do you

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Speaker 9: hold onto it?

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Speaker 1: Because yes, you take this.

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Speaker 9: As an example of one we've done well, and that

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Speaker 9: in that intervening seven years, it's actually been a really

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Speaker 9: quite difficult stock to hold on to. I think the

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Speaker 9: peak to trough decline from twenty one to twenty two

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Speaker 9: was sixty six percent. So how do you endure losing

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Speaker 9: two thirds of your money through that period of ownership?

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Speaker 1: And that is.

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Speaker 9: Really about hold discipline. You know, the market likes to

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Speaker 9: talk about sell discipline. Why do you sell a stock

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Speaker 9: that always seems back to front to me? I think

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Speaker 9: the discipline is in being able to own it through

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Speaker 9: those difficult periods where your investment thesis, where your assessment

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Speaker 9: of the upside is unchanged. And so that's I think

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Speaker 9: the crucial characteristic of the way that we invest on

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Speaker 9: behalf of our.

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Speaker 3: Clients, Tom and Caroline. A piece of news overnight by

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Speaker 3: the way Nvidia canceled its AI summit which have been

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Speaker 3: scheduled for October fifteenth and sixteenth in Tel Aviv, and

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Speaker 3: Jensen Huang was due to give a keynote. So just

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Speaker 3: sort of updating our audience on there makes you think

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Speaker 3: about supply chain. Let's go back to Israel, Tom. You

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Speaker 3: know Intel had talked about expanding way for fab operations there.

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Speaker 3: There's talent there. On Autonomy mobilized its biggest company by market.

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Speaker 5: Cap or US listed. Is there a supply chain story here?

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Speaker 9: Well, I think that the big supply chain story in

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Speaker 9: semiconductors has really been driven domestically in the US with

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Speaker 9: the inflation reduction acts, and what I observe is a

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Speaker 9: huge amount of investment now going in into this crucial

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Speaker 9: and particularly sensitive area to drive a much more.

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Speaker 1: Local supply chain. And I think that's it's much.

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Speaker 9: More complex than just adding capacity because there's there's all

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Speaker 9: the training and upskilling that you need to do to

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Speaker 9: because of that. But I think this is what the

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Speaker 9: of the events of the past few days are just

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Speaker 9: another example of why that is so important.

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Speaker 1: Strategically for the US.

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Speaker 9: And then it's thinking through, well, who are there, who

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Speaker 9: are the beneficiaries there, who are the ones that can

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Speaker 9: actually enable that policy. Because when there is so much

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Speaker 9: investment going in, it's always interesting to follow the money.

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Speaker 9: Where are the opportunities being created? And I think domestically

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Speaker 9: in America that's that's one of that's really interesting.

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Speaker 3: Tom Slater, Belly Gifford. We follow the money here on

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Speaker 3: Bloomberg Technology as well. Thank you for your time.

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Speaker 4: Well, amid the start of Israel Hamas War, historic meeting

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Speaker 4: occurred actually in China between President hy Jumping and Buy

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Speaker 4: Batteris and group of US lawmakers that by Senate Majority

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Speaker 4: Leader Chuck Schumer. Let's get more context, Kaylee Lines standing

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Speaker 4: by in Washington, and Israel was discussed.

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Speaker 10: It was Chuck Schumer, the Senator Democratic Majority leader, pushed

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Speaker 10: China to strengthen their language around what Hamas had done

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Speaker 10: in Israel.

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Speaker 2: He said.

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Speaker 10: He pointedly asked them to do so, and they did

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Speaker 10: indeed strengthen their segment statement.

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Speaker 2: But that isn't all that this visit was about.

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Speaker 10: It also was really about economics. Chuck Schumer in this

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Speaker 10: meeting with shijhiin Ping, the first time Shiji Ping has

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Speaker 10: met with US senator since twenty fifteen. Mind you said

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Speaker 10: that this really was about ensuring economic reciprocity, and he

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Speaker 10: said that they feel China must provide a level playing

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Speaker 10: field for American companies and workers, echoing what we've heard

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Speaker 10: from the Lakes of Commerce Secretary Gina Ramondo.

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Speaker 11: All right, Bloombo's Katie lines out of DC, thank you,

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Speaker 11: welcome back to BlueBag Technology.

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Speaker 2: I'm Canninehid in New York and.

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Speaker 5: I med love Low in San Francisco.

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Speaker 4: And let's just get up to speed with some of

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Speaker 4: those headlines at Israel. Hamas Woll we want to bring

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Speaker 4: on a BlueBag national security report to Nick Wadams. Many

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Speaker 4: shocked by the surprise with which this took Israel and

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Speaker 4: the nation and the world.

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Speaker 2: But what is the latest headlines that are capturing your attention?

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Speaker 12: Well, the big ones really are so obviously you have

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Speaker 12: Israel going on the offensive in Gaza, calling up three

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Speaker 12: hundred thousand troops. I mean, we are looking at a

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Speaker 12: full mobilization by Israel to neutralize the threat coming from

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Speaker 12: Gaza amid new missile strikes and continued violence. But you know,

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Speaker 12: there are already bigger questions being asked, chiefly among them,

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Speaker 12: how did Israel not see this coming?

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Speaker 5: I mean, when you have.

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Speaker 12: Five thousand missiles or so being shot into Israel. Where

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Speaker 12: were the intelligence services in terms of seeing these missiles

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Speaker 12: being put into place? How did they not detect the incursion?

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Speaker 1: That when?

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Speaker 12: And there was that big massacre and then all the

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Speaker 12: hostage taking, and then you're starting to see the issue

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Speaker 12: of Okay, now Hamas has these hostages, So what happens

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Speaker 12: next in terms of negotiations to try to secure their release.

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Speaker 12: So we are very much still in the early days

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Speaker 12: of this thing, trying to see where it will head.

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Speaker 12: But obviously some of the big questions already being asked

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Speaker 12: on how it happened in the first place.

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Speaker 4: I'm going to have a former deputy National Security Advisor

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Speaker 4: of Israel joining us a little age from the show, Nick,

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Speaker 4: But I'm interested in the broader ramifications the other proxy

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Speaker 4: wars that potentially have sparked. I don't want in any

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Speaker 4: way theorize that that's what's occurring. But what are you

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Speaker 4: thinking about what this ripple effect is?

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Speaker 12: Well, the big question obviously is Iran. There's a lot

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Speaker 12: of talk that Iran gave the green light to this operation,

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Speaker 12: but there are bigger questions being asked to about the

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Speaker 12: extent of their involvement, how detailed their involvement was, and

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Speaker 12: then you know the broader issue of normalization. The US

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Speaker 12: has been pushing the interests of normalization between Israel and

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Speaker 12: Saudi Arabia. What's the future of that conversation. We are

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Speaker 12: hearing that players in the regions such as UAE, Bahrain

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Speaker 12: and others are determined to press ahead with the Abraham

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Speaker 12: Accords that were signed under former President Trump, and there

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Speaker 12: has been some momentum, but you know, one source telling me,

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Speaker 12: you know, it's going to be messy, but we are

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Speaker 12: determined to see that go ahead. So there is the

448
00:24:08,600 --> 00:24:12,320
Speaker 12: question then of what is the backlash against Hamas if

449
00:24:12,359 --> 00:24:15,280
Speaker 12: this is going to bring folks together in the region

450
00:24:15,320 --> 00:24:17,240
Speaker 12: and say, okay, we want to continue with this, or

451
00:24:17,280 --> 00:24:19,600
Speaker 12: is it going to cause that to splinter. And right now,

452
00:24:20,080 --> 00:24:22,520
Speaker 12: at least it looks like there is some momentum to

453
00:24:22,560 --> 00:24:26,080
Speaker 12: try to keep those conversations on track, but obviously again

454
00:24:26,240 --> 00:24:27,080
Speaker 12: very early days.

455
00:24:28,160 --> 00:24:28,360
Speaker 11: Nick.

456
00:24:28,640 --> 00:24:34,520
Speaker 3: A technology story is the defense system that Israel deploys,

457
00:24:34,560 --> 00:24:37,359
Speaker 3: which is iron Dome, and I think I'm rightly saying

458
00:24:37,440 --> 00:24:40,680
Speaker 3: that Israel has made a request of the United States

459
00:24:41,119 --> 00:24:44,880
Speaker 3: to help resupply them with munitions for Iron Dome. What

460
00:24:44,960 --> 00:24:46,159
Speaker 3: is the latest there.

461
00:24:46,720 --> 00:24:51,320
Speaker 12: Well, we know that Congress was briefed by the administration

462
00:24:51,440 --> 00:24:55,879
Speaker 12: on this, and there is obviously broad bipartisan support to

463
00:24:55,960 --> 00:24:59,280
Speaker 12: make sure that Israel gets all of the munitions that

464
00:24:59,320 --> 00:25:03,159
Speaker 12: it needs to keep Iron Dome resupplied. But you know,

465
00:25:03,200 --> 00:25:07,240
Speaker 12: there are other needs that Israel has, such as artillery

466
00:25:07,920 --> 00:25:12,480
Speaker 12: munitions and precision guided weaponry. So the question then there is,

467
00:25:12,520 --> 00:25:14,480
Speaker 12: well what does this mean for the Ukraine War.

468
00:25:15,119 --> 00:25:16,800
Speaker 5: There's a lot of talk that stocks were.

469
00:25:16,760 --> 00:25:20,320
Speaker 12: Running low for Ukraine and allies were scrambling to come

470
00:25:20,400 --> 00:25:24,800
Speaker 12: up with supplies to keep the Ukrainian Army with the

471
00:25:24,880 --> 00:25:28,120
Speaker 12: munitions that it needs. So it's not really a question

472
00:25:28,200 --> 00:25:30,080
Speaker 12: of funding, but there is going to be a question

473
00:25:30,160 --> 00:25:33,720
Speaker 12: of supplies, and obviously the Administration's focus in the immediate

474
00:25:33,800 --> 00:25:37,680
Speaker 12: term is on Israel, and everybody's trying to sort out, Okay,

475
00:25:37,680 --> 00:25:40,080
Speaker 12: well what does that mean for Ukraine, especially in the

476
00:25:40,119 --> 00:25:43,000
Speaker 12: long run, So you know we're going to be pressing

477
00:25:43,040 --> 00:25:45,520
Speaker 12: away and trying to figure out those questions. But certainly

478
00:25:45,560 --> 00:25:48,800
Speaker 12: a tension there between the needs from both Israel and Ukraine.

479
00:25:50,040 --> 00:25:53,480
Speaker 3: Bloomberg's Nate Wadams all across the national security story around this,

480
00:25:53,640 --> 00:25:57,520
Speaker 3: thank you very much. Let's go back to technology and

481
00:25:57,560 --> 00:26:01,080
Speaker 3: what is happening on the ground in Israel. Joining us

482
00:26:01,119 --> 00:26:05,879
Speaker 3: now is Papaya Global CEO one of the founders, Ana Goez,

483
00:26:06,600 --> 00:26:12,119
Speaker 3: And just in the first instance, you run one of

484
00:26:13,200 --> 00:26:16,919
Speaker 3: Israel's most valuable startups. You have a big footprint in

485
00:26:16,960 --> 00:26:19,320
Speaker 3: the country. What is it that you're doing right now?

486
00:26:19,400 --> 00:26:22,400
Speaker 3: Are your people safe and how have you responded to

487
00:26:23,040 --> 00:26:24,280
Speaker 3: the events of the weekend.

488
00:26:27,119 --> 00:26:34,000
Speaker 13: Yeah, thanks a lot for having me as well. I mean,

489
00:26:34,040 --> 00:26:37,760
Speaker 13: honestly seece Saturday, which was a holiday for us as well.

490
00:26:37,880 --> 00:26:41,439
Speaker 13: We are all full time serving the country first and

491
00:26:41,480 --> 00:26:44,480
Speaker 13: assuring that we can support everything the country needs in

492
00:26:44,560 --> 00:26:49,600
Speaker 13: terms of the efforts. It's important to understand that this

493
00:26:49,760 --> 00:26:54,240
Speaker 13: is not a regular situation as we sometimes face in Israel.

494
00:26:54,880 --> 00:26:58,360
Speaker 13: We are facing terror currently, it's our on nine eleven,

495
00:26:58,880 --> 00:27:03,600
Speaker 13: we are eventually facing our own isis our.

496
00:27:03,400 --> 00:27:05,200
Speaker 2: War against the Homas.

497
00:27:06,320 --> 00:27:09,280
Speaker 13: Everything that we are doing on the tech sector, quite

498
00:27:09,280 --> 00:27:12,639
Speaker 13: on the civilization kind of stage, is helping people that

499
00:27:12,760 --> 00:27:16,680
Speaker 13: lost their houses, Helping people that eventually have family members'

500
00:27:16,720 --> 00:27:21,800
Speaker 13: kids that has been taking hostages, helping soldiers to get

501
00:27:21,880 --> 00:27:24,840
Speaker 13: to their base, helping everything that we can, raising funds,

502
00:27:24,840 --> 00:27:29,159
Speaker 13: helping logistics. I mean, the civil efforts currently in the

503
00:27:29,200 --> 00:27:32,720
Speaker 13: country are enormous, are amazing, and this is mainly.

504
00:27:32,520 --> 00:27:33,040
Speaker 1: What we're doing.

505
00:27:33,040 --> 00:27:36,920
Speaker 13: This is our day job, unfortunately since yesterday, and this

506
00:27:37,080 --> 00:27:40,560
Speaker 13: will probably win our day job until things go back

507
00:27:40,600 --> 00:27:40,960
Speaker 13: to track.

508
00:27:41,640 --> 00:27:45,720
Speaker 4: And we had a benchure capitalist from Target Global joining

509
00:27:45,760 --> 00:27:49,200
Speaker 4: the top of the show saying, unfortunately, you know, Israeli

510
00:27:49,320 --> 00:27:52,960
Speaker 4: is often are able to be prepared for these sorts

511
00:27:52,960 --> 00:27:55,119
Speaker 4: of situations. You say that this is an unpresent at

512
00:27:55,160 --> 00:27:58,080
Speaker 4: the moment for you. But having been founding your business

513
00:27:58,080 --> 00:28:01,480
Speaker 4: back in twenty sixteen, I understand you got seven workers globally,

514
00:28:01,600 --> 00:28:03,600
Speaker 4: but how many of them are based in Israel and

515
00:28:04,040 --> 00:28:06,880
Speaker 4: what sort of business continuity preparedness do you have when

516
00:28:06,880 --> 00:28:08,600
Speaker 4: you are building businesses within Israel.

517
00:28:10,400 --> 00:28:12,600
Speaker 13: So first, we have about one thousand employees in Papaya,

518
00:28:12,640 --> 00:28:14,800
Speaker 13: about three hundred of them are currently based in Israel.

519
00:28:14,840 --> 00:28:19,000
Speaker 13: I would say that about currently fifty or sixty of

520
00:28:19,040 --> 00:28:22,840
Speaker 13: them have been called to military service, and quite a

521
00:28:22,840 --> 00:28:26,080
Speaker 13: lot of them have family members, kids or spouses that

522
00:28:26,119 --> 00:28:29,840
Speaker 13: has been called military service. Obviously, I mean, as any

523
00:28:29,880 --> 00:28:32,879
Speaker 13: other company in Israel, we always have contingency plan. I

524
00:28:32,920 --> 00:28:36,720
Speaker 13: think that the state of every Israelid founder is to

525
00:28:36,760 --> 00:28:40,080
Speaker 13: assure that we always have plans for the following day,

526
00:28:40,200 --> 00:28:43,200
Speaker 13: We always know how to operate, and honestly, I mean

527
00:28:43,240 --> 00:28:46,640
Speaker 13: we get an amazing support currently from our workers around

528
00:28:46,680 --> 00:28:49,720
Speaker 13: the globe, from our clients around the globe, in order

529
00:28:49,720 --> 00:28:53,800
Speaker 13: to assure that the business operation is going as normal. Unfortunately,

530
00:28:53,880 --> 00:28:57,160
Speaker 13: you know, especially in Papaya, we have also team in Ukraine,

531
00:28:57,200 --> 00:29:00,560
Speaker 13: so we've been in a way kind of trained to

532
00:29:00,680 --> 00:29:03,920
Speaker 13: take over their responsibilities about a year.

533
00:29:03,800 --> 00:29:04,440
Speaker 2: And a half ago.

534
00:29:05,000 --> 00:29:06,520
Speaker 7: Now they are the one.

535
00:29:06,400 --> 00:29:09,680
Speaker 13: Feeling the needs for us and eventually kind of taking

536
00:29:09,800 --> 00:29:14,760
Speaker 13: responsibilities from us. People in Israel are highly motivated, highly engaged.

537
00:29:14,760 --> 00:29:17,320
Speaker 13: I see people are answering their emails during the day,

538
00:29:17,400 --> 00:29:21,400
Speaker 13: during the night. But honestly, I mean our hearts currently

539
00:29:21,440 --> 00:29:24,040
Speaker 13: in our mind is first taking care of the country,

540
00:29:24,120 --> 00:29:26,280
Speaker 13: taking care of the people around us. Israel is a

541
00:29:26,320 --> 00:29:29,240
Speaker 13: small country, is a small population. I have to say

542
00:29:29,240 --> 00:29:31,760
Speaker 13: that I don't think that the death and the whrror

543
00:29:31,920 --> 00:29:36,240
Speaker 13: will pass any single any single family in this country

544
00:29:36,320 --> 00:29:40,160
Speaker 13: these days, and this is a heartbreaking, honestly days horrible

545
00:29:40,240 --> 00:29:41,120
Speaker 13: days for Israel.

546
00:29:42,640 --> 00:29:47,680
Speaker 3: And I'm sure that the audience share that with you.

547
00:29:49,040 --> 00:29:50,720
Speaker 3: One of the reasons we asked you to come onto

548
00:29:50,760 --> 00:29:54,760
Speaker 3: the program. Is that prior to the events of the weekend,

549
00:29:55,400 --> 00:29:59,200
Speaker 3: you have been vocal about the judicial reforms in Israel

550
00:30:00,040 --> 00:30:03,080
Speaker 3: and asking questions about what it meant for the technology

551
00:30:03,160 --> 00:30:06,680
Speaker 3: sector long term. I believe you took some action moving

552
00:30:08,080 --> 00:30:12,080
Speaker 3: company assets out of Israel in response to the judicial reforms.

553
00:30:12,440 --> 00:30:15,000
Speaker 5: My question is what will you do next for.

554
00:30:15,000 --> 00:30:17,920
Speaker 3: The operations of your business based on the weekends events?

555
00:30:18,040 --> 00:30:24,400
Speaker 3: Do you intend to remain in Israel going forward?

556
00:30:26,040 --> 00:30:28,520
Speaker 13: Yes, asy as our armies ray as our country. As

557
00:30:28,520 --> 00:30:30,440
Speaker 13: we did in the last year, we always said that

558
00:30:30,440 --> 00:30:33,959
Speaker 13: eventually we want to keep Israel a democratic country in

559
00:30:34,040 --> 00:30:37,840
Speaker 13: order to assure that we can actually grow our business here,

560
00:30:38,080 --> 00:30:39,600
Speaker 13: not to take it out of Israel. We are very

561
00:30:39,600 --> 00:30:43,760
Speaker 13: proud of Israelis. We want to build Israeli companies. Obviously,

562
00:30:43,800 --> 00:30:48,200
Speaker 13: we always build all companies. It's because Israeli is such

563
00:30:48,200 --> 00:30:51,680
Speaker 13: a small market anyhow, and we always have global footprints.

564
00:30:51,840 --> 00:30:53,880
Speaker 2: But nothing will change.

565
00:30:53,640 --> 00:30:55,320
Speaker 7: In terms of our operation in Israel.

566
00:30:55,720 --> 00:30:59,360
Speaker 13: We are here currently to do a very big efforts

567
00:30:59,400 --> 00:31:01,480
Speaker 13: to fight for the freedom of this country, to bring

568
00:31:01,520 --> 00:31:05,280
Speaker 13: things to normal. To obviously that leave the day after

569
00:31:05,480 --> 00:31:10,120
Speaker 13: after those horror kinds of events and news and tons

570
00:31:10,200 --> 00:31:14,720
Speaker 13: of death and people that have been lost in the

571
00:31:14,760 --> 00:31:17,840
Speaker 13: last few days, but it does not affect us from

572
00:31:17,880 --> 00:31:21,680
Speaker 13: being an Israeli eventually kind of a business and a company.

573
00:31:22,040 --> 00:31:23,320
Speaker 7: And moreover, I do.

574
00:31:23,200 --> 00:31:26,800
Speaker 13: Hope that the day after this terror will go back

575
00:31:26,840 --> 00:31:29,640
Speaker 13: and people will understand that the most important thing in

576
00:31:29,720 --> 00:31:31,960
Speaker 13: is Well is for us to be unite, is for

577
00:31:32,040 --> 00:31:35,240
Speaker 13: us to remain a democratic country and to stop the

578
00:31:35,240 --> 00:31:38,240
Speaker 13: internal conflict that has been cheering this country for so

579
00:31:38,320 --> 00:31:42,840
Speaker 13: many months internally, and it's time to just eventually put

580
00:31:42,880 --> 00:31:45,160
Speaker 13: them aside and go back to normal. I mean, we

581
00:31:45,240 --> 00:31:48,760
Speaker 13: are one nation and I think everybody understand that we need.

582
00:31:48,640 --> 00:31:49,840
Speaker 2: To be unite.

583
00:31:50,680 --> 00:31:55,520
Speaker 4: Thank you so much for sharing your story, for really

584
00:31:55,920 --> 00:31:59,000
Speaker 4: making the human side marry with what it is your

585
00:31:59,000 --> 00:32:00,760
Speaker 4: longtime vision abuilt within Israel.

586
00:32:00,920 --> 00:32:03,000
Speaker 2: PAPAA glob We'll see you. We thank you in it.

587
00:32:03,120 --> 00:32:06,880
Speaker 3: Go as, stay stay ed, A lot mores come here

588
00:32:06,880 --> 00:32:07,920
Speaker 3: on Bloomberg Technology.

589
00:32:07,960 --> 00:32:09,640
Speaker 5: We'll have more headlines.

590
00:32:09,400 --> 00:32:11,959
Speaker 3: From the sector, a big interview as well coming up.

591
00:32:12,040 --> 00:32:13,240
Speaker 5: This is Bloomberg.

592
00:32:12,760 --> 00:32:28,400
Speaker 4: Technology another Amazon Prime Day, Big Deals Day. It's cool

593
00:32:28,640 --> 00:32:31,480
Speaker 4: and the tech giant is planning to bring customers the

594
00:32:31,560 --> 00:32:32,680
Speaker 4: right deals and faster.

595
00:32:33,000 --> 00:32:34,920
Speaker 2: And that's no easy task. We took a look at

596
00:32:34,960 --> 00:32:35,680
Speaker 2: just how they're doing that.

597
00:32:36,720 --> 00:32:39,640
Speaker 14: This Prime Day is getting more personal, so expect to

598
00:32:39,640 --> 00:32:43,120
Speaker 14: see more deals based on your shopping history. Amazon says

599
00:32:43,240 --> 00:32:46,200
Speaker 14: these kind of personalized deals led to all times more

600
00:32:46,200 --> 00:32:49,360
Speaker 14: cust engagement during the last Prime Day, so for this sale,

601
00:32:49,600 --> 00:32:52,480
Speaker 14: Amazon is doubling down with the help of larger, more

602
00:32:52,520 --> 00:32:56,160
Speaker 14: advanced AI algorithms, learning what customers are shopping for and

603
00:32:56,320 --> 00:32:59,640
Speaker 14: predicting what they'll want next. Amazon is also trying to

604
00:32:59,640 --> 00:33:02,680
Speaker 14: get your purchases to you faster. We visited a same

605
00:33:02,760 --> 00:33:06,120
Speaker 14: day delivery site in Richmond, California, about thirty minutes east

606
00:33:06,120 --> 00:33:09,200
Speaker 14: of San Francisco, to see how sites like these are

607
00:33:09,320 --> 00:33:13,280
Speaker 14: smaller than Amazon's fulfillment centers and located closer to larger

608
00:33:13,320 --> 00:33:16,040
Speaker 14: metro areas. This facility can pick an item and get

609
00:33:16,080 --> 00:33:18,840
Speaker 14: it boxed up in about eleven minutes, about an hour

610
00:33:18,920 --> 00:33:22,080
Speaker 14: faster than an traditional fulfillment center. That's thanks to the

611
00:33:22,120 --> 00:33:25,320
Speaker 14: help of these yellow pods and blue switches. They run

612
00:33:25,360 --> 00:33:28,840
Speaker 14: on items that are stored and cataloged electronically, making it

613
00:33:28,880 --> 00:33:31,840
Speaker 14: easy for employees to find the item and pick it.

614
00:33:32,040 --> 00:33:34,760
Speaker 14: That package gets sent on a conveyor belt to a

615
00:33:34,800 --> 00:33:37,240
Speaker 14: delivery sorting area of the site in a regular for

616
00:33:37,360 --> 00:33:40,520
Speaker 14: fillment center, that's an entirely different building. Here, there's just

617
00:33:40,520 --> 00:33:42,520
Speaker 14: a few steps away, so you can get the deal

618
00:33:42,600 --> 00:33:43,480
Speaker 14: the same day.

619
00:33:43,280 --> 00:33:44,160
Speaker 2: You order it.

620
00:33:44,280 --> 00:33:45,240
Speaker 5: The most popular.

621
00:33:45,000 --> 00:33:48,000
Speaker 15: Items delivered for same day sites are every day essentials

622
00:33:48,200 --> 00:33:51,959
Speaker 15: like batteries, air pods, and espresso coffee pods. Amazon plans

623
00:33:51,960 --> 00:33:54,800
Speaker 15: to build more of these smaller same day facilities in

624
00:33:54,840 --> 00:33:58,480
Speaker 15: the next few years to speed up delivery times.

625
00:34:00,280 --> 00:34:01,960
Speaker 3: Behind the scenes, I think we've got some good insight

626
00:34:02,000 --> 00:34:05,200
Speaker 3: into producer piles of various wish list for water bottles

627
00:34:05,200 --> 00:34:07,920
Speaker 3: and thermos flasks. Let's get right to what's happening on

628
00:34:07,960 --> 00:34:10,000
Speaker 3: the ground and bring in Jamil Ghani, Vice president of

629
00:34:10,080 --> 00:34:14,680
Speaker 3: Amazon Prime. You, Andy Jesse, other executives have been talking

630
00:34:15,000 --> 00:34:20,160
Speaker 3: a lot about regionalizing. Regionalizing fulfillment basically the idea that

631
00:34:20,160 --> 00:34:22,800
Speaker 3: the package that lands in your doorstep has come from closer,

632
00:34:22,880 --> 00:34:23,640
Speaker 3: traveled less.

633
00:34:24,480 --> 00:34:26,920
Speaker 5: Is it working that strategy. Yeah. Absolutely.

634
00:34:26,960 --> 00:34:30,200
Speaker 16: We've been very excited to see that it gets the

635
00:34:30,320 --> 00:34:33,120
Speaker 16: right product to the right customer faster than ever before,

636
00:34:33,160 --> 00:34:38,080
Speaker 16: and that package is traveling less distance, so we're able

637
00:34:38,120 --> 00:34:41,680
Speaker 16: to reduce that time from click to deliver, which our

638
00:34:41,719 --> 00:34:42,399
Speaker 16: customers love.

639
00:34:42,880 --> 00:34:46,600
Speaker 4: What's in herculean effort does that take, Jamil, I'm sorry,

640
00:34:46,760 --> 00:34:48,920
Speaker 4: what sort of effort, what sort of investment, what sort

641
00:34:48,920 --> 00:34:51,160
Speaker 4: of focus has that taken to just whittle down that

642
00:34:51,239 --> 00:34:53,560
Speaker 4: timeframe with which you can get your package to you?

643
00:34:54,760 --> 00:34:57,840
Speaker 16: Yeah, what we've done is make sure we have the

644
00:34:57,920 --> 00:35:01,800
Speaker 16: right inventory and the right build all around the country.

645
00:35:02,840 --> 00:35:05,960
Speaker 16: That we then make sure our site highlights that selection

646
00:35:06,400 --> 00:35:11,400
Speaker 16: that customers can get. We use recommendations and personalization, including

647
00:35:11,400 --> 00:35:13,120
Speaker 16: what we're going to be doing on the tenth and

648
00:35:13,120 --> 00:35:15,839
Speaker 16: eleven with prime big deal days, to make sure that

649
00:35:15,840 --> 00:35:18,880
Speaker 16: that product is highlighted to customers. And then the processes

650
00:35:18,960 --> 00:35:22,160
Speaker 16: in the fulfillment centers have been simplified. It's fewer over

651
00:35:22,200 --> 00:35:25,120
Speaker 16: the road miles, and so that's what's really the difference

652
00:35:25,120 --> 00:35:26,640
Speaker 16: of getting your packaged the same day.

653
00:35:26,960 --> 00:35:29,600
Speaker 2: And how much is that the focus of a consumer.

654
00:35:29,719 --> 00:35:32,520
Speaker 4: It's interesting that we're talking about rising competition, whether it's

655
00:35:32,520 --> 00:35:35,480
Speaker 4: coming from Timu, whether it's coming from China more broadly,

656
00:35:36,000 --> 00:35:38,600
Speaker 4: but some of those packages take time. Is that the

657
00:35:38,640 --> 00:35:42,000
Speaker 4: sort of winning formula to ensure that these new entrants

658
00:35:42,080 --> 00:35:43,880
Speaker 4: do take too much away from you in terms of

659
00:35:43,880 --> 00:35:44,399
Speaker 4: market share?

660
00:35:45,160 --> 00:35:46,759
Speaker 5: You know, I think it's a good question, but Our

661
00:35:46,800 --> 00:35:48,600
Speaker 5: focus is really on customer needs.

662
00:35:48,960 --> 00:35:51,160
Speaker 16: Prime started with a very simple promise, you know, a

663
00:35:51,200 --> 00:35:56,719
Speaker 16: million items available in two days, no limits guaranteed, and

664
00:35:56,800 --> 00:35:59,399
Speaker 16: that those expectations have only increase over time. I've got

665
00:35:59,400 --> 00:36:01,719
Speaker 16: two young kids at home, and I know when we

666
00:36:01,840 --> 00:36:03,759
Speaker 16: find that we're out of something, where we need something,

667
00:36:03,840 --> 00:36:06,839
Speaker 16: or we need to shop for that birthday happening tomorrow,

668
00:36:07,480 --> 00:36:09,239
Speaker 16: you just want to get from you know, need to

669
00:36:09,320 --> 00:36:11,759
Speaker 16: solution as quickly as possible. So that's what's really driving us,

670
00:36:11,800 --> 00:36:14,600
Speaker 16: and the same day facilities are taking that to the

671
00:36:14,640 --> 00:36:15,200
Speaker 16: next level.

672
00:36:15,400 --> 00:36:16,760
Speaker 5: You know, customer needs.

673
00:36:16,760 --> 00:36:18,919
Speaker 3: There is a question of whether one really does ever

674
00:36:19,040 --> 00:36:22,640
Speaker 3: need something. And this is really an AI machine learning

675
00:36:22,680 --> 00:36:26,560
Speaker 3: story because I assume that data is based on the user, right,

676
00:36:26,680 --> 00:36:27,920
Speaker 3: their habits, their.

677
00:36:27,680 --> 00:36:28,680
Speaker 5: Spend their history.

678
00:36:28,800 --> 00:36:32,120
Speaker 3: That's right, So how does personalization result in them actually

679
00:36:32,160 --> 00:36:34,960
Speaker 3: buying stuff that they haven't already bought before in the past.

680
00:36:35,080 --> 00:36:36,600
Speaker 16: The way we think about it is we want to

681
00:36:36,640 --> 00:36:41,040
Speaker 16: combine your purchase history, your browsing history, and then other

682
00:36:41,080 --> 00:36:44,160
Speaker 16: engagement you have on the site, like engagement with lists.

683
00:36:44,440 --> 00:36:46,000
Speaker 5: All of that information comes together.

684
00:36:47,320 --> 00:36:50,200
Speaker 16: We add shopping trends, you know, what's really relevant in

685
00:36:50,200 --> 00:36:52,919
Speaker 16: the season we're going into the holidays now, so Prime

686
00:36:52,960 --> 00:36:55,360
Speaker 16: Big Deal Days is pulling all that information together and

687
00:36:55,440 --> 00:36:58,520
Speaker 16: highlighting that selection. It's going to certainly highlight things that

688
00:36:58,560 --> 00:37:01,120
Speaker 16: we know customers are going to like based in their

689
00:37:01,160 --> 00:37:03,680
Speaker 16: past behavior, but we also intelligently want to surface up

690
00:37:03,719 --> 00:37:06,319
Speaker 16: those things that they might discover, they might like, and

691
00:37:06,440 --> 00:37:09,440
Speaker 16: might be inspired by. It's a combination of needs and wants,

692
00:37:09,480 --> 00:37:11,799
Speaker 16: which I think makes for a great shopping experience. And

693
00:37:11,840 --> 00:37:14,080
Speaker 16: that's what the event starting tomorrow is going to be

694
00:37:14,120 --> 00:37:14,480
Speaker 16: all about.

695
00:37:14,640 --> 00:37:17,799
Speaker 3: All things considered, the macro environment, the time of year,

696
00:37:17,880 --> 00:37:22,279
Speaker 3: because timing with Prime Windows has changed. How big will

697
00:37:22,280 --> 00:37:24,520
Speaker 3: this one be? Can you say with any confidence this

698
00:37:24,560 --> 00:37:26,560
Speaker 3: will be the biggest.

699
00:37:26,120 --> 00:37:29,160
Speaker 16: I can't ever predict how we'll go, but I know

700
00:37:29,200 --> 00:37:32,359
Speaker 16: that everyone is looking to Carolina and I no one

701
00:37:32,360 --> 00:37:36,319
Speaker 16: else is checking in. I think that we've got fantastic

702
00:37:36,360 --> 00:37:38,680
Speaker 16: deals and it will be the most personalized experience we've

703
00:37:38,719 --> 00:37:41,719
Speaker 16: ever had. Two or three years ago, we had one

704
00:37:41,880 --> 00:37:46,280
Speaker 16: personalized deal feeds. Tomorrow, our customers will enjoy forty different

705
00:37:46,400 --> 00:37:50,240
Speaker 16: personalized deal feeds. The homepage will be curated. Your homepage

706
00:37:50,239 --> 00:37:53,040
Speaker 16: will be different than my homepage. Will also be recommending

707
00:37:53,040 --> 00:37:55,839
Speaker 16: top brands. I mean might like four plus Star deal

708
00:37:55,840 --> 00:37:58,000
Speaker 16: events that you might like, and so I think what

709
00:37:58,040 --> 00:38:01,320
Speaker 16: you're going to find is that day felt really curated.

710
00:38:01,320 --> 00:38:04,799
Speaker 16: This is going to feel even more so in the

711
00:38:04,840 --> 00:38:05,880
Speaker 16: event starting tomorrow.

712
00:38:06,080 --> 00:38:09,680
Speaker 4: Jamie Oldarnie, thanks for the time, Vice President of Amazon Prime.

713
00:38:09,880 --> 00:38:19,239
Speaker 2: We thank you. We returned to our coverage of the

714
00:38:19,280 --> 00:38:22,040
Speaker 2: Israel Hamas War. Professor Chuck Frelick is a former.

715
00:38:21,920 --> 00:38:24,439
Speaker 4: Deputy National Security Advisor in Israel and wrote the book

716
00:38:24,520 --> 00:38:27,120
Speaker 4: Israel and the Cyber Threat, How the startup nation became

717
00:38:27,160 --> 00:38:30,080
Speaker 4: a global cyber power. And we are being asked time

718
00:38:30,080 --> 00:38:33,319
Speaker 4: and time again, Professor, how Israel missed this?

719
00:38:33,560 --> 00:38:34,480
Speaker 2: Was it a tech story?

720
00:38:36,480 --> 00:38:36,680
Speaker 6: No?

721
00:38:36,760 --> 00:38:38,440
Speaker 17: I don't think this was a tech story. I think

722
00:38:38,520 --> 00:38:41,880
Speaker 17: this is a classic case of the colossal intelligence failure.

723
00:38:42,760 --> 00:38:47,919
Speaker 17: It starts from, like all major intelligence intelligence failures, from

724
00:38:47,920 --> 00:38:50,840
Speaker 17: a failure of imagination. You don't believe that your enemy

725
00:38:50,880 --> 00:38:55,680
Speaker 17: has the capability to do something, and so you don't

726
00:38:55,719 --> 00:38:57,520
Speaker 17: see the signs when it's happening.

727
00:38:58,400 --> 00:39:02,920
Speaker 4: What could have been improved upon from your perspective, and indeed,

728
00:39:02,960 --> 00:39:05,960
Speaker 4: what will be being used now to assess a threat level?

729
00:39:08,160 --> 00:39:12,400
Speaker 17: Well, I think that there will be a deep investigation

730
00:39:12,480 --> 00:39:14,359
Speaker 17: of the reasons for the failure, But most of that

731
00:39:14,400 --> 00:39:19,080
Speaker 17: will have to remain after the war is over. What

732
00:39:19,239 --> 00:39:23,440
Speaker 17: happened here is just something unprecedented in Israel's history, where

733
00:39:24,040 --> 00:39:28,080
Speaker 17: Israeli territory was Israel itself, not the West Bank Settlement,

734
00:39:28,200 --> 00:39:33,360
Speaker 17: Israel itself was occupied for a while a britief while

735
00:39:33,480 --> 00:39:37,120
Speaker 17: and people take in hostage. This cannot be allowed to

736
00:39:37,200 --> 00:39:39,640
Speaker 17: happen and will have to take measures to make sure

737
00:39:39,680 --> 00:39:43,399
Speaker 17: it doesn't. It's going to be a protracted and unfortunately

738
00:39:43,440 --> 00:39:47,200
Speaker 17: bloody war in Gaza, but it's one that Israel has

739
00:39:47,200 --> 00:39:49,680
Speaker 17: to end this time, I think with a resounding victory.

740
00:39:49,719 --> 00:39:52,319
Speaker 17: It can't be just a basis for some more time

741
00:39:52,480 --> 00:39:53,400
Speaker 17: until the next round.

742
00:39:54,080 --> 00:39:55,319
Speaker 2: Our time is too short with you.

743
00:39:55,400 --> 00:39:58,520
Speaker 4: But if you go back to your time as Deputy

744
00:39:58,600 --> 00:40:02,520
Speaker 4: National Security Advisor, advice right now to the leadership.

745
00:40:04,520 --> 00:40:07,879
Speaker 17: That there has to be an absolutely conclusive victory this time,

746
00:40:07,960 --> 00:40:11,120
Speaker 17: and that's probably going to mean occupying most of Gaza

747
00:40:11,160 --> 00:40:12,680
Speaker 17: for a while, not long term.

748
00:40:12,760 --> 00:40:15,400
Speaker 1: Usual doesn't want to be in charge of Gaza.

749
00:40:15,120 --> 00:40:19,520
Speaker 17: Again, and it's going to mean trying to topple Ramas,

750
00:40:20,080 --> 00:40:23,160
Speaker 17: and that also then begs the question, well, who takes

751
00:40:23,160 --> 00:40:27,440
Speaker 17: over if Ramas isn't there, And that means Hopefully, maybe

752
00:40:27,440 --> 00:40:31,520
Speaker 17: with international health American help sau the involvement, maybe we

753
00:40:31,600 --> 00:40:36,040
Speaker 17: can see the Palestinian authority reinstated in Gaza.

754
00:40:36,640 --> 00:40:39,640
Speaker 4: Professor, thank you so much for your time, your expertise.

755
00:40:39,719 --> 00:40:42,160
Speaker 4: Professor Chuck Vilik, wish we had more time. We thank

756
00:40:42,160 --> 00:40:44,480
Speaker 4: you for joining us from New York and San Francisco.

757
00:40:44,760 --> 00:40:45,960
Speaker 4: This is Bloomberg Technology