Neal Freiman

It's been around the bend.

So this is an interesting deal.

But I think

Big picture, it shows that AI is so power hungry and the winners of the AI revolution will be the ones that are able to supply the power, create infinite power in the holy grail sense of nuclear fusion to fund all this AI infrastructure being built out because there's a big race between the US and China about who can deliver the most power for AI.

And right now we are not winning that race.

I have not heard of it.

And I want everyone right now to take out the smallest violin that they have, because this was a huge win for the private equity industry.

Now, people probably don't know this, but the private equity industry has been going through it for the past couple of years.

They've been struggling to sell the companies that they've bought

And they've been struggling to return cash.

And there was this big existential crisis going on for PE.

Now, in 2021, there was a leveraged buyout of Medline by three massive PE companies, including Blackstone and Carlyle, $34 billion.

It was one of the biggest leveraged buyouts of all time.

The question was, could they get a return on this particular buyout?

buyout?

Could they take this company public successfully and return cash to their shareholders?

Because this was seen as a huge symbol of private equity and whether it was going through, whether it could come out of this huge trough that it was in.

And the fact that they did go public and it did pop on the first day is seen as a comeback of sorts for the private equity industry that I know everyone was so sad to see is in the dumps right now.

You know that saying, more money, more problems, Toby?

Of course.