Chanticleer Myer's parcel mystery solved, ASIC vs La Trobe Financial & AI's money-go-round
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Sep 26, 2025 Unravel the mystery behind Myer’s peculiar parcel delivery that left a listener with six separate packages. Explore why La Trobe Financial got the corporate cop’s attention and what that means for private credit. Dive into Nvidia's massive investment in OpenAI, sparking debates on potential AI industry bubbles and its wide-ranging impacts. Plus, insights into recent economic signals and the implications of Trump's tariff threats on pharmaceuticals. A packed discussion on the future of industries shaped by AI!
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AI’s Circular Money Machine
- The NVIDIA–OpenAI deal creates a circular flow where capital funds data centers that then buy NVIDIA chips, boosting NVIDIA's market value.
- That circularity raises questions about whether AI investment is buying future growth rather than reflecting organic demand.
Sales Growth Is Slowing
- NVIDIA's data-center chip sales growth is slowing, from ~16% to ~5.5% quarter-on-quarter, despite massive market expectations.
- That slowdown suggests some of the rally may depend on deals and sentiment rather than sustained underlying sales growth.
AI Will Augment, Not Obliterate, Jobs
- Baron Jonny's team modelled tasks, not whole jobs, to estimate AI impact and found almost every occupation has some tasks affected.
- They conclude Australia is set up more for AI augmentation than wholesale replacement, mitigating some job-loss fears.