APAC TMT NOTES BY KAYE HAU

With deal sizes in the billions, where can smaller funds and investors still play meaningfully in the AI growth. This article explores the various options for small AI investors.

Sucessful AI pilots doesn't necessary mean that value can be capture by a telecom operator. It extends beyond technical viability to credible attribution, organsiational change and sufficient trust.

The durability of digital infrastructure does not necessarily translate to sustained value creation throughout its entire lifespan. The economics are much complex due to varying terms and changing market conditions.

Whenever a transaction is announced at a substantial premium, the reaction is usually predictable. The buyer overpaid. That may be true - if the assumption is that every buyer is using the same lens and approach to valuation.

It is fascinating why investors working on the same set of market information can develop vastly different investment cases. This article explores how the underlying assumption changes investment narratives.

Nvidia's recent investment in Nokia is signalling that technical capability alone is not sufficient when it comes to AI adoption for critical information infrastructure within Telcos. Operators need to be assured any automation is observable, governable and traceable as CII operates under a different set of rules from business processes.

Enterprise technologies that fundamentally transformed organisations rarely did so because they introduced better software. ERP is perhaps the best example. It did not succeed because it gave us accounting or procurement systems. It changed how organisations design their processes. And Enterprise AI is perhaps entering that inflexion point.

The global race to build DCs has accelerated tremendously alongside AI, cloud and digital infrastructure growth. However, behind the headlines surrounding billion-dollar investments and hyperscale expansion lies a much more complex infrastructure reality. Increasingly, conversations around data centres are extending far beyond simply constructing buildings and filling them with servers.

Sovereignty AI is often framed in terms of data, infrastructure and compute. Increasingly, however, a different question is emerging. Recent developments suggest that access to capability itself may be becoming the defining issue.

Conversations surrounding Starlink and Low Earth Orbit (LEO) constellations have accelerated significantly in recent years. Alongside the excitement, there is growing discussion about whether satellite architectures could eventually replace traditional telecom operators. This article explores the dynamics between LEOs and Telcos.