The Cost of Capital in the AI Cycle

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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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Today’s show:

Altimeter’s Brad Gerstner and Mubadala's Ibrahim Ajami join Jason to discuss their first UAE impressions (1:33), how the country is attracting startup talent, unclogging the capital allocator log jam, and more (19:43)!

Follow Brad: https://twitter.com/altcap

Follow Ibrahim: https://twitter.com/IbrahimAjami

Time stamps:

(0:00) Brad and Ibrahim join Jason

(1:33) First impressions of the UAE

(10:25) Veed - Head to https://www.veed.io/pricing?utm_campaign=TWIS&utm_medium=Marketing&utm_source=YouTube and start creating professional-quality videos in minutes!

(11:55) The story of Mubadala

(19:43) Attracting talent to the UAE

(26:53) OpenPhone - Get 20% off your first six months at https://openphone.com/twist

(28:21) The shifting perspective of the UAE and the opportunity it presents

(35:07) The level of curiosity in Abu Dhabi

(37:02) iConnections - Get 20% off iConnections Miami 2024 event at http://iconnections.io/twist