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Understanding the UAE startup opportunity with Brad Gerstner and Ibrahim Ajami | E1751
This Week in Startups
The Cost of Capital in the AI Cycle
When interest rates went to zero, the problem was everybody else used it as a weapon. Lyft had their backers who gave them too much money and every market ended up having too much - they all chose to lose money. Now we have a cost to capital. The stupidity is getting wrung out of the market. And what is very exciting for us is about this AI cycle are two things, especially for Abu Dhabi. We can give you the golden visa and we can set up everything you need. With AI, potentially that's just 10 or 15 people. So it just reduces significantly the friction and the barriers for a company like snowflake to start thinking a lot more seriously about markets where before
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