Giving wealth creation a crack without excessive risk
With wages growth having flat-lined in Australia over the last decade, amid runaway house prices, twenty-somethings (Gen Zs), desperate to get ahead financially, can be forgiven for asking their baby-boomer parents – often accused of having the best of everything – one overarching question: ‘When investment markets resemble glorified Ponzi schemes, will we ever become financially independent l
OpenAI halves compute target to US$600bn by 2030
OpenAI has slashed its compute spending target by more than half - from US$1.4 trillion to $600 billion by 2030. Revised guidance ties capital outlay directly to a revenue forecast of more than $280 billion annually by decade's end. Reported by CNBC, citing sources familiar with the matter, the announcement lands as OpenAI closes in on a funding round expected to exceed $100 billion - carrying
Agentic AI's liability time bomb is already ticking
The agentic AI adoption numbers are hard to argue with - McKinsey clocks software engineering agent deployment at 24%, PwC puts enterprise uptake at 79%, and the market is priced for a run from US$7.8 billion to north of $52 billion by 2030. The production data, though, sits at a significant distance from those headlines. Deloitte found that just 11% of organisations have agentic AI in active p
Supreme Court strikes down Trump's tariffs
The United States Supreme Court has struck down a huge chunk of President Donald Trump’s tariffs, deeming them illegal and killing them off. The law that undergirds those import duties “does not authorise the President to impose tariffs,” the majority ruled 6-3 in the long-awaited decision. This decision creates a massive loss for the U.S. as the country would now have to refund more than US
Super funds returned 0.4% in January - Chant West
Superannuation investments defied market volatility to deliver a return of 0.4% from median growth funds in January, according to Chant West. This lifted the return over the first seven months of the financial year to 5.4%, the research, data and analytics provider said in a media release. “During the month, we saw heightened geopolitical risks including U.S. military action in Venezuela and
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