Anthony Macdonald

It's not happening soon, but it's all about funding optionality.

And then you have the Firmus RPO Roadshow all on top of that.

That's all what happened in the first three days of this week.

Yes.

So we've got the three biggest players in Australia, Air Trunk, NextDC, CDC, all either lining up money or getting ready to line up money at the same time.

You've got this new entrant in the new world of AI factories stitching together all these contracts and getting ready to IPO at the same time.

It's gone pretty bananas.

Yeah, absolutely.

This is all data center news first half of the week.

Then we get to Thursday and the world's biggest data center customer came to town, Microsoft.

The boss, Sachin Nadella, he said he's planning to spend $25 billion on digital infrastructure over the next four years just in Australia.

Yeah.

I think Microsoft's spending US $120 billion this year alone on CapEx.

Is that $25 billion really going to bite much?

Yeah, Microsoft's $25 billion announcement.

That was like a Donald Trump truth social post, James.

If I had to rank everything I saw this week from 1 to 10 on the bulldust meter, I'm giving this an 11.

It's just the $25 billion big number.

What's it actually spending on?

There's nothing there.