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