Companies are betting big on AI – and burning through cash to do it.

They’re pouring hundreds of billions of dollars into building data centres and developing new models – such as ChatGPT. And so far, these projects are yet to see a financial return.

There is one clear winner: Nvidia – the company that makes the chips that power this tech.

But how long can its customers keep spending before they have to either turn a profit or scale back?

Today, Reuters journalist Stephen Nellis on how long this AI boom can last – and what a crash might look like.



If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.



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Guest: Reuters journalist Stephen Nellis

Photo: AP Photo/Eric Risberg

Companies are betting big on AI &ndash; and burning through cash to do it.
They&rsquo;re pouring hundreds of billions of dollars into building data centres and developing new models &ndash; such as ChatGPT. And so far, these projects are yet to see a financial return.
There is one clear winner: Nvidia &ndash; the company that makes the chips that power this tech.
But how long can its customers keep spending before they have to either turn a profit or scale back?
Today, Reuters journalist Stephen Nellis on how long this AI boom can last &ndash; and what a crash might look like. 
If you enjoy&nbsp;7am, the best way you can support us is by making a contribution at <a href="http://7ampodcast.com.au/support">7ampodcast.com.au/support</a>. 
Socials: Stay in touch with us on <a href="http://www.instagram.com/7ampodcast">Instagram</a>
Guest: Reuters journalist Stephen Nellis
Photo:&nbsp;AP Photo/Eric Risberg

An independent daily news show. We feature the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

An independent daily news show. We feature the country&rsquo;s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

A daily news show from the publisher of The Monthly and The Saturday Paper.

A daily news show from the publisher of The Monthly and The Saturday Paper. Hear from the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

How long can the AI boom last?

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/1aed73df-c3f8-4f77-bfdd-b3a100534530/transcript

When Labor came to power, it promised to clean up politics – to end the “jobs for mates” culture once and for all. But this week, the government quietly released the report it’s been sitting on for more than two years – and it’s not a great look. 

The ‘No Favourites’ review found an appointments system riddled with nepotism, where friends are given jobs as rewards for loyalty. And when it finally saw the light of day, it landed with all the energy of a Yes Minister  episode — open government, in name only. 

Today, press gallery journalist Karen Middleton, on the government’s integrity problem, and why transparency always seems to be the last priority. 

 

If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.

 

Socials:Stay in touch with us on Instagram

Guest: Press gallery journalist Karen Middleton

Photo: AAP Image/Lukas Coch

When Labor came to power, it promised to clean up politics &ndash; to end the &ldquo;jobs for mates&rdquo; culture once and for all. But this week, the government quietly released the report it&rsquo;s been sitting on for more than two years &ndash; and it&rsquo;s not a great look.&nbsp;
The &lsquo;No Favourites&rsquo; review found an appointments system riddled with nepotism, where friends are given jobs as rewards for loyalty. And when it finally saw the light of day, it landed with all the energy of a Yes Minister &nbsp;episode &mdash; open government, in name only.&nbsp;
Today, press gallery journalist Karen Middleton, on the government&rsquo;s integrity problem, and why transparency always seems to be the last priority.&nbsp;
&nbsp;
If you enjoy 7am, the best way you can support us is by making a contribution at&nbsp;<a href="http://7ampodcast.com.au/support">7ampodcast.com.au/support</a>.
&nbsp;
Socials: Stay in touch with us on <a href="http://www.instagram.com/7ampodcast">Instagram</a>
Guest: Press gallery journalist Karen Middleton
Photo:&nbsp;AAP Image/Lukas Coch

The 'jobs for mates' report Labor wanted to hide

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/ca502663-a24b-4fba-9b99-b3aa0042dd8d/transcript

The Australian Energy Market Operator says the electricity grid is unprepared to manage the planned closure of the Eraring power station in New South Wales – and eastern parts of Australia could be set for widespread blackouts.

The Coalition and parts of the media have seized on the report saying it’s proof that the government has an “obsession” with renewables, over reliability and cost.

So what needs to change to keep the lights on? 

Today, energy and climate change program director at The Grattan Institute, Alison Reeve, on what will happen as coal comes offline – and why our power bills are really going up.

 

If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.

 

Socials:Stay in touch with us on Instagram

Guest: Energy and climate change program director at The Grattan Institute, Alison Reeve

The Australian Energy Market Operator says the electricity grid is unprepared to manage the planned closure of the Eraring power station in New South Wales &ndash; and eastern parts of Australia could be set for widespread blackouts.
The Coalition and parts of the media have seized on the report saying it&rsquo;s proof that the government has an &ldquo;obsession&rdquo; with renewables, over reliability and cost.
So what needs to change to keep the lights on?&nbsp;
Today, energy and climate change program director at The Grattan Institute, Alison Reeve, on what will happen as coal comes offline &ndash; and why our power bills are really going up.
&nbsp;
If you enjoy&nbsp;7am, the best way you can support us is by making a contribution at <a href="http://7ampodcast.com.au/support">7ampodcast.com.au/support</a>.
&nbsp;
Socials: Stay in touch with us on <a href="http://www.instagram.com/7ampodcast">Instagram</a>
Guest: Energy and climate change program director at The Grattan Institute, Alison Reeve

Are we set for major blackouts?

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/9870cb45-868a-42a4-951d-b3a9009099ff/transcript

Since Russia's invasion of Ukraine almost four years ago, Australian leaders have repeatedly stated that Australia “stands with Ukraine”.

But as the invasion has intensified – with nightly missile and drone attacks, rolling blackouts and water cuts across Ukrainian cities – Australia's support has slowed. The federal government hasn’t announced a fresh package of aid since December last year, making us one of the least generous donors to Kyiv.

At the same time, Australia has become one of the biggest buyers of fuel made from Russian oil, refined in third countries and imported through loopholes in sanctions. Ukrainian community groups call it “blood oil”, warning that billions of Australian dollars are flowing back to the Kremlin - more than Australia has given Ukraine in aid.

Today, chair of the Australian Federation of Ukrainian Organisations, Kateryna Argyrou, on how Australia's 'blood oil' imports are helping to prolong the war.

 

If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.

 

Socials:Stay in touch with us on Instagram

Guest: Chair of the Australian Federation of Ukrainian Organisations, Kateryna Argyrou

Photo: Stefan Sauer/dpa

Since Russia's invasion of Ukraine almost four years ago, Australian leaders have repeatedly stated that Australia &ldquo;stands with Ukraine&rdquo;.
But as the invasion has intensified &ndash; with nightly missile and drone attacks, rolling blackouts and water cuts across Ukrainian cities &ndash; Australia's support has slowed. The federal government hasn&rsquo;t announced a fresh package of aid since December last year, making us one of the least generous donors to Kyiv.
At the same time, Australia has become one of the biggest buyers of fuel made from Russian oil, refined in third countries and imported through loopholes in sanctions. Ukrainian community groups call it &ldquo;blood oil&rdquo;, warning that billions of Australian dollars are flowing back to the Kremlin - more than Australia has given Ukraine in aid.
Today, chair of the Australian Federation of Ukrainian Organisations, Kateryna Argyrou, on how Australia's 'blood oil' imports are helping to prolong the war.
&nbsp;
If you enjoy&nbsp;7am, the best way you can support us is by making a contribution at <a href="http://7ampodcast.com.au/support">7ampodcast.com.au/support</a>.
&nbsp;
Socials: Stay in touch with us on <a href="http://www.instagram.com/7ampodcast">Instagram</a>
Guest: Chair of the Australian Federation of Ukrainian Organisations, Kateryna Argyrou
Photo:&nbsp;Stefan Sauer/dpa

How Australia’s ‘blood oil’ imports are funding Russia’s war

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/91292b47-7b6b-48e4-8d55-b3a80084ab40/transcript

How long can the AI boom last?

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How long can the AI boom last?

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