About this episode
Barry and Ernest are back from summer vacation and discuss why companies need to think locally in international markets, before breaking down how Big Techs can earn healthy returns on their massive capital spending on AI. 1:41- Ernest getting stuck in Europe 5:37- Importance of local operators9:04- Couche-Tard’s failed Carrefour deal14:50- Market update21:24- Google’s strong performance26:24- What’s the return for big tech capex?33:20- Will AI displace traditional software? 36:25- How AI impacts Constellation Software
