Speaker 1: Bloomberg Audio Studios, podcasts, radio news single best idea, well
Speaker 1: two best ideas, a set of conversations we're having around
Speaker 1: this news flow around are some of our fears, if
Speaker 1: you will, is just extraordinary. I just insisted that she
Speaker 1: come on today. It's late in her day. Jumana Barcecchi
Speaker 1: of Horizons in Dubai has been a shining light out
Speaker 1: on Twitter and LinkedIn. She's been absolutely extraordinary. First of
Speaker 1: her day, midnight our time in New York. She will
Speaker 1: begin Bloomberg's coverage of this war. Brosecchi.
Speaker 2: When we look back in the history books, we'll look
Speaker 2: back at this war when it eventually does come to
Speaker 2: an end. One of the bright products is going to
Speaker 2: be that, you know, the GCC as a whole country
Speaker 2: seems to be navigating their own path forward, and the
Speaker 2: UAE in the past week have very clearly defined to
Speaker 2: the world the axis and the sort of path that
Speaker 2: they want to lay out for themselves. And it's not
Speaker 2: necessarily being part of that Arab League or necessarily part
Speaker 2: of the Arab multilateral organizations, because the feeling is that
Speaker 2: those organizations are not doing enough for the UAE. And
Speaker 2: then now they have a real possibility to carve their
Speaker 2: own future that perhaps is separate to other Arab states.
Speaker 1: A local look at Dubai are Jumana Persachi of Horizons
Speaker 1: with us as well today from City Group, as Heath Terry,
Speaker 1: he goes back decades in the coverage of technology. As
Speaker 1: Paul Sweeney mentioned, one of the founding people to cover
Speaker 1: Google a long time ago. Heath kit Terry is incredibly current.
Speaker 1: It's City Group in this time of hyper scalers. Let's listen.
Speaker 3: This is a it will touch everything kind of technology.
Speaker 3: As far as the trade goes the AI, the AI trade,
Speaker 3: it's still very much infrastructure.
Speaker 2: Right.
Speaker 3: We're talking about seven hundred and ten billion dollars worth
Speaker 3: of infrastructure being built this year. We're talking about that
Speaker 3: number getting to two point one trillion and our estimates
Speaker 3: by twenty by twenty thirty, so there's still massive growth
Speaker 3: just on the infrastructure. This is I've said this on
Speaker 3: your show before, Tom. This is the biggest transfer of
Speaker 3: economics within an industry that we have ever seen before.
Speaker 3: We are taking ninety percent incremental margin dollars out of software,
Speaker 3: out of Internet, out of information services, and.
Speaker 1: We're moving those into.
Speaker 3: AI, which has roughly fifty percent incremental margin dollars now,
Speaker 3: and that forty percent delta is going to infrastructure.
Speaker 1: That is not the railroads of eighteen eighty, nineteen hundred,
Speaker 1: nineteen twenty and out of the success of the thirties
Speaker 1: and forties. Heath Terry with City Group on podcasts. We're
Speaker 1: at Spotify and Apple on YouTube podcasts. It's single best idea,
Speaker 1: sen