Artificial Intelligence
There is no moat
Chinese AI models are really good and the LLM space looks set to be commoditised, with consequences for the owners of the leading closed models.
Justin Pyvis
Justin has a PhD in economics and 20+ years of experience in policy and investment analysis from working at the WA Treasury and AECOM in Perth, and Aletheia Capital in Hong Kong.
Weekly
The PBO's bitter truth
Canberra's budgeting is industrial strength gaslighting, Westpac stands up for Superannuation, and Australia leads the world in occupational licensing, the productivity killer.
Artificial Intelligence
The Office of AI
The opportunity costs of Australia's rush to establish 'AI standards' will be measured in the unseen innovations, jobs, and productivity gains that a committee in Canberra thwarts.
Housing
Why falling house prices aren't always a win
Whether a fall in house prices is 'good news' depends entirely on why they are falling.
Weekly
Balancing the pain
Labor wants to meddle with interest rates, investing will have to change, and meeting the new Grok.
Artificial Intelligence
Protecting jobs by killing growth
Australia won't build the next OpenAI, but could be its most sophisticated adopter... unless Labor ties the sector in regulatory knots first.
Sport
Vibes vs. data at the World Cup
The most successful South American team actually plays a highly optimised, European style of football.
Weekly
Cold comfort
The wrong kind of housing cooling, the ACCC loses its way, and OpenAI proposes the friendliest shakedown in tech.
Artificial Intelligence
A new direction
Why proprietary AI is losing its edge, local policy has hit a wall, and where this newsletter is heading next.
Weekly
The next reform victim
The Albanese government has found its next target, don't bank on a rate cut in 2026, and no matter how bad it gets there's always the UK.
Tax
Labor's poison pill
The Greens got their concessions, Labor got its tax hike, and the rest of Australia got a revenue grab dressed as neutral reform.
Weekly
Caveat emptor
Pauline's big day, Hormuz is open (or is it?), and the biggest meme stock of all-time.