00:00I do want to move to SoftBank because we have an exclusive Bloomberg scoop. Masayashi Son is eyeing potential acquisitions it seems including data center operators switch to expand an AI. Now we knew he had AI aspirations but why is he interested in this part of the stack?
00:15Yeah you know I mean obviously the data center operators are kind of at the kind of foundational level of the AI opportunity and so you know maybe the kind of return on equity you can expect to get on those kind of assets is perhaps kind of the more modest end of the range but it's still very strong and it's arguably kind of a lot more visible than kind of further up the stack.
00:38And so I think you know kind of perhaps making a play that you know you've kind of got that clearer business model and still a huge amount of growth opportunities to come.
00:47So there's probably always going to be a kind of imbalance between supply and demand of data center capacity and they see that as an interesting opportunity to kind of build out the portfolio.
00:57And obviously SoftBank's got a mix of assets across different parts of the kind of AI stack. I don't want to second guess what they're doing but it would kind of maybe that kind of kind of filling in a blank and balancing out that kind of portfolio of risk they've got.
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