Particle Data Platform
ABC Business Daily

AI (over)exuberance

6/30/202624 min

Tech titans are spending trillions of dollars as they compete to be crowned winner of the ongoing artificial intelligence race.  

But this raises a fundamental economic question: is the expenditure actually going to be worth the prize?

And will there be anything left over for those who come runner up?

You can read Ian's AI analysis here.  

Be sure to catch our bonus tax-week episode here - a what-you-need-to-know before the financial year ticks over tonight! 

Carrington Clarke and ABC Chief Business Correspondent Ian Verrender break it all down on ABC Business Daily.

Got a burning business question?

We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au and we'll attempt to answer it.

Clips

Money No Object Mania
History Repeating Itself?
Central Bankers Sound Bubble Alarm
Wishful Thinking On Collapse
Cash-Rich Giants Fuel Boom
Your Super Tied To AI

Transcript preview

First 90 seconds

  1. Carrington Clarke· Host0:00

    [upbeat music] ABC Listen. Podcasts, radio, news, music, and more.

  2. Sam Hawley· Soundbite0:05

    [upbeat music] Hi, it's Sam Hawley from ABC NewsDaily, the podcast that brings you one big story affecting your world each weekday in just 15 minutes.

  3. Carrington Clarke· Host0:20

    As this transition unfolds and we rely more and more on electricity rather than gas or oil, the network will need to be upgraded, and that all needs to be paid for by us.

  4. Sam Hawley· Soundbite0:29

    Join me for ABC NewsDaily. Find us on ABC Listen.

  5. Carrington Clarke· Host0:33

    So at the moment, trillions of dollars are being spent by the tech titans as they compete to be the winner in the artificial intelligence race. But the fundamental question is, is the expenditure actually gonna be worth the prize? And are there any prizes for those who come runner-up? Welcome to ABC Business Daily. [upbeat music] I'm Carrington Clark.

  6. Ian Verrender· Guest0:59

    And I'm Ian Verrender, the ABC's chief business correspondent.

  7. Carrington Clarke· Host1:01

    Ian, thank you for joining us, and we're going to kick off today by talking about your latest piece of analysis. Always good to check in with Ian on a Tuesday to see what he's got on the ABC website. We, we have been talking at length this year about the AI boom and how critical, really it's the only story in town when it comes to the stock market gains that we have seen. And, and your article really lays out [chuckles] that really it is this

We value your privacy

We use cookies to understand how you use our platform and to improve your experience. Click "Accept All" to consent, or "Decline non-essential" to opt out of non-essential cookies. Read our Privacy Policy.