wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, eye watering sums of money are being thrown at sports all over the world, but it s the middle east that seems to be doing most of the buying. and saudi arabia in particular. whether it s in football, golf, formula 1, boxing or cricket, billions of dollars are flowing in. so what impact is it having on the business model that has allowed these sports to become, well, some of the world s most popular forms of entertainment? just a few weeks ago, saudi arabia s sovereign wealth fund known as pif, agreed a deal to merge its live golf series with the us and european tours. the saudis, they re thought to be pumping in $3 billion. it ll bring their acrimonious rivalry, including lawsuits, to an end. football, it s also seen an influx of saudi cash. back in december, cristiano ronaldo signed for al nasr for around $220 million a year. it does include commercial activitie
if you look at the headline numbers. it suggests that results are mixed. but actually when you look at the actual results and also what companies are telling, there are two factors that matter to us, monetisation and capital expense. they look at monetisation, for example, across the board, we are seeing revenue and contribution is almost like 5% for some of the companies out there. so that gives us comfort. in terms of graphics, clearly companies are spending on it, but in terms of compute, this is one area where they have been quite bullish recently. long story short, despite the future suggesting, we think the bull case for al is still think is intact. we think that any excess correction is a buying opportunity. what is the implication of these big tech companies pushing more to monetise their investment into ai? what are the implications for us as consumers? i think at the end of the day, we think that given how intensive it is, we believe that it is getting bigger, so we
far as intervention when it reaches that 145 147 handle. we wouldn t be surprised to see intervention. wouldn t be surprised to see intervention. ~ , ., ., ~ intervention. where you work in australia. intervention. where you work in australia, the intervention. where you work in australia, the central intervention. where you work in australia, the central bank - intervention. where you work in australia, the central bank is i australia, the central bank is meeting this week as well, it s a tricky balancing act for them isn t it? even with inflation and whether or not to raise interest rates, what are you expecting? interest rates, what are you meeting? expecting? wearing a 3796 operability expecting? wearing a 3796 operability of expecting? wearing a 3796 operability of another - expecting? wearing a 3796 i operability of another hiker. analysts have been proven wrong the last two months so we are at that which see a trifecta and they are proven wrong again. so t
our expectation at this year is 0ur expectation at this year is to see another 13,500 millionaires leave china. are millionaires leave china. are they completely millionaires leave china. are they completely cutting ties titan china? they completely cutting ties titan china? titan china? not at all. as eole titan china? not at all. as people become titan china? not at all. as people become more - titan china? not at all. as - people become more financially independent they do seek what are sometimes called greener pastures returns and there might include a better education for their children access to health and in china possibly case a lot of people do still keep their business there but from a text efficiency perspective of the destinations might be more attractive. destinations might be more attractive- attractive. are they worried about their attractive. are they worried about their truck attractive. are they worried about their truck - attractive. are t