'Don’t do a Deloitte': the AI stuff-up that ricocheted around the world
This week on The Fin podcast, Edmund Tadros and Paul Karp on Deloitte’s stuff-up, why it became a global story and what it means for the way we use, and value, AI.This podcast is sponsored by SalesforceFurther reading: ‘Oversight was not followed’: Deloitte apologises for AI reportThe firm will discipline personnel over a report that had to be reissued after they failed to vet incorrect AI-generated material in the document.Deloitte’s AI scandal shows consultants need a new strategyThe saga also raises existential questions: for consultants, AI is both a major opportunity and a threat that directly undermines their premium fees.Deloitte to refund government, admits using AI in $440k reportDeloitte will issue a partial refund to the government after admitting that artificial intelligence had been used in the creation of a report littered with errors.See omnystudio.com/listener for privacy information.
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Are house prices about to take off again?
This week on The Fin podcast, economics correspondent Michael Read on why the Reserve Bank is cutting rates and what it means for people like him trying to buy a house. This podcast is sponsored by Aussie Broadband. Further reading: Australia on verge of house price boom: economistHistory suggests that once the RBA starts cutting, property fever hits quickly. One prominent expert says a 10 to 15 per cent price rise is coming. Bullock flags more rate cuts as RBA slashes growth forecastsDonald Trump’s trade war has forced the RBA to lower its projections for growth in investment, household spending and exports, as it cut the cash rate again. House price risk won’t stop another rate cut: BullockReserve Bank of Australia governor Michele Bullock expects state and federal governments to do the heavy lifting on housing affordability.See omnystudio.com/listener for privacy information.
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Coalition chaos: ‘It’s like someone dropped an atom bomb’
This week on The Fin, political editor Phillip Coorey and former Labor adviser and AFR columnist Lidija Ivanovski talk about the decimation of the Opposition, the uphill battle facing Sussan Ley and the fierce debate over the Super Tax.This podcast is sponsored by Aussie BroadbandFurther reading:The longer the split, the harder it will be to reconcileSussan Ley, who used to hold her own in shearing sheds, is playing hard ball.It took five days for the Coalition to fall apartNegotiations between the two parties fell at the first hurdle. When parliament resumes, the Liberals will hold all 30 shadow ministries and the Nationals will be on the crossbench.How Albanese learnt from Labor losers and won big on SaturdayFor six months, he has been privately telling his supporters that he had the plan to deliver Labor a second-term majority, and the skill to pull it off. See omnystudio.com/listener for privacy information.
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Does Warren Buffett’s retirement mark peak America?
This week on The Fin podcast: senior reporter Jonathan Shapiro on Buffett’s legacy and whether his catchphrase ‘never bet against America’ still stands.This podcast is sponsored by Aussie BroadbandFurther reading: Fear, loathing (and hope) as finance’s elite gather in LAPrivate equity titans and dealmakers converging at the Milken Institute Global Conference this week were relentlessly optimistic in public, but the tone was different behind the scenes.US billionaire’s Sydney taxi ride sparks $6.2b super-like initiativeMichael Milken is gathering support for a plan to emulate the Australian superannuation system and give every child a $US1000 share account.Warren Buffett steps down, delivering a parting shot against tariffsThe disciples of legendary investor Warren Buffett gathered in Omaha seeking reassurances of America’s future, instead they got a bombshell about his future.See omnystudio.com/listener for privacy information.
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How a $14 billion deal can happen without a shareholder vote
This week on The Fin, James Thomson and Joyce Moullakis on James Hardie’s latest controversy, why shareholders don’t get to vote and what they want to change.This podcast is sponsored by Aussie BroadbandFurther reading: The great ASX investor uprising delivers very hollow victoryThe hated James Hardie takeover of a US group is going ahead, but investors have at least won some important concessions.Inside the biggest investor uprising in three decadesInvestor anger over the James Hardie deal is being compared to 1993’s investor rebellion against Murdoch’s plans for “super voting shares”. Now the ASX is in the gun.ASX compliance chief rejects rule gaming suggestionDaniel Moran likened the ASX’s role in the controversial James Hardie transaction to that of a referee on a sporting field.See omnystudio.com/listener for privacy information.
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