Gary Smith

And I think that's going to be pretty sustainable. when you think about all the things of, you know, the promise of AI and the real trick to it is you start putting any graphics down it,

And I think that's going to be pretty sustainable. when you think about all the things of, you know, the promise of AI and the real trick to it is you start putting any graphics down it,

We're planning our business basically on what we see, and we've taken our growth rates up. Typically, this business has grown. We've grown about seven or eight percent. We're now saying it's going to grow eight to 11 percent over the next three years. And that's really without any massive entry into the data center or anything else. It's just what we see from a cloud growth point of view.

We're planning our business basically on what we see, and we've taken our growth rates up. Typically, this business has grown. We've grown about seven or eight percent. We're now saying it's going to grow eight to 11 percent over the next three years. And that's really without any massive entry into the data center or anything else. It's just what we see from a cloud growth point of view.

We're planning our business basically on what we see, and we've taken our growth rates up. Typically, this business has grown. We've grown about seven or eight percent. We're now saying it's going to grow eight to 11 percent over the next three years. And that's really without any massive entry into the data center or anything else. It's just what we see from a cloud growth point of view.

The barriers to entry there is you've got a technology called Direct Connect, which has been well ensconced there really since the start of the communication in data centers. And you've got an ecosystem there that is going to be designed to elongate that for as long as possible, and the customers want to keep it for as long as possible.

The barriers to entry there is you've got a technology called Direct Connect, which has been well ensconced there really since the start of the communication in data centers. And you've got an ecosystem there that is going to be designed to elongate that for as long as possible, and the customers want to keep it for as long as possible.

The barriers to entry there is you've got a technology called Direct Connect, which has been well ensconced there really since the start of the communication in data centers. And you've got an ecosystem there that is going to be designed to elongate that for as long as possible, and the customers want to keep it for as long as possible.

The analytics that we've done on it and working with them, you know, they think that there's going to be an intersect point here where the physics of that basically, you know, get to the point where it's not sustainable. And we think, you know, we've got to the point with power and space where there's a good intersect to that.

The analytics that we've done on it and working with them, you know, they think that there's going to be an intersect point here where the physics of that basically, you know, get to the point where it's not sustainable. And we think, you know, we've got to the point with power and space where there's a good intersect to that.

The analytics that we've done on it and working with them, you know, they think that there's going to be an intersect point here where the physics of that basically, you know, get to the point where it's not sustainable. And we think, you know, we've got to the point with power and space where there's a good intersect to that.

So it's the analytics around that and working with two or three of these players who are, you know, already our customers, but, you know, outside the data center.

So it's the analytics around that and working with two or three of these players who are, you know, already our customers, but, you know, outside the data center.

So it's the analytics around that and working with two or three of these players who are, you know, already our customers, but, you know, outside the data center.

You know, a little bit of both. We have strong relationships with them. So, you know, that collaboration has sort of been there. You know, we're realistic about it. The existing way of working and that direct connector, that's not going away. That's probably still the majority of applications for it.

You know, a little bit of both. We have strong relationships with them. So, you know, that collaboration has sort of been there. You know, we're realistic about it. The existing way of working and that direct connector, that's not going away. That's probably still the majority of applications for it.

You know, a little bit of both. We have strong relationships with them. So, you know, that collaboration has sort of been there. You know, we're realistic about it. The existing way of working and that direct connector, that's not going away. That's probably still the majority of applications for it.

So you're looking at, you know, what are the subset of corner case applications for this kind of high speed connectivity? But, you know, even a small part of that is, you know, massive for us and, you know, massive from a scale point of view, given the amount of spend that's gone on in that space. So, you know, it's always about taking risk when that market isn't there right now.

So you're looking at, you know, what are the subset of corner case applications for this kind of high speed connectivity? But, you know, even a small part of that is, you know, massive for us and, you know, massive from a scale point of view, given the amount of spend that's gone on in that space. So, you know, it's always about taking risk when that market isn't there right now.

So you're looking at, you know, what are the subset of corner case applications for this kind of high speed connectivity? But, you know, even a small part of that is, you know, massive for us and, you know, massive from a scale point of view, given the amount of spend that's gone on in that space. So, you know, it's always about taking risk when that market isn't there right now.