Seth Fiegeman

Singapore, about a point behind, is number two.

But what we're seeing here in the UAE is across the economy, whether it's companies like Adnok and the energy sector or the financial services or the healthcare sector, all of this is being put to work.

because they need power, right?

The Gulf is a very interesting market for data centers because in the US and Europe, in many ways, they're kind of tapped for power.

Everyone is kind of scrounging for a megawatt here or there.

In the Gulf, you know, they have oil power and they are really keen to want to diversify their economies.

And it seems like a pretty natural fit for data center companies.

So we've seen Microsoft, we've seen Oracle,

want to expand their presence out there.

And today is kind of the latest example of Microsoft coming out to say, look at all the money we're spending.

This is a serious bet for us.

Correct.

Yeah, we saw them make about a $10 billion deal with an Australian company this morning.

And it's funny because 10 billion sounds huge, but it's really like, what, 15% of what they've announced so far?

I mean, the spending quantities here are really getting hard to fathom.

Microsoft has committed around 60 billion to a variety of providers just to be able to rent these AI chips quicker.

Exactly.

Yeah.

Corey was a classic example of this.

Crypto market crashed and all of a sudden they said, hey, wait a second.