Today on Fear and Greed. Prime Minister Anthony Albanezi set to call an election today, with cost of living, energy policy and healthcare set to be the focal points of the campaign. An Australian retailer gets a takeover bid worth twice its value, and Donald Trump confirms twenty five percent tariffs on cars even though US automobile manufacturers are in fact against it. Plus fast entry into the US now available to Australians, and Apple Maps introduces indigenous place names. Welcome to Fear and Greed. Daily business news for people who make their own decisions. It is Friday, the twenty eighth of March twenty twenty five. I'm Michael Thompson and good morning, Sean Aylmer.

Today on Fear and Greed. Prime Minister Anthony Albanezi set to call an election today, with cost of living, energy policy and healthcare set to be the focal points of the campaign. An Australian retailer gets a takeover bid worth twice its value, and Donald Trump confirms twenty five percent tariffs on cars even though US automobile manufacturers are in fact against it. Plus fast entry into the US now available to Australians, and Apple Maps introduces indigenous place names. Welcome to Fear and Greed. Daily business news for people who make their own decisions. It is Friday, the twenty eighth of March twenty twenty five. I'm Michael Thompson and good morning, Sean Aylmer.

Morning Michael. Something for everyone.

Morning Michael. Something for everyone.

There really is today. The main story this morning, Sean is we are going to be talking about a lot in coming weeks. The federal election could be called as early as today, with voters likely to go to the polls on Saturday, the third of may Our Prime Minister Anthony Abernezi is expected to visit the Governor General Sam Mouston today and ask her to dissolve the current parliament.

There really is today. The main story this morning, Sean is we are going to be talking about a lot in coming weeks. The federal election could be called as early as today, with voters likely to go to the polls on Saturday, the third of may Our Prime Minister Anthony Abernezi is expected to visit the Governor General Sam Mouston today and ask her to dissolve the current parliament.

Both campaigns have been ready to go four weeks, but ex cyclone Alfred delayed the trip to yer Alumna by the PM. Of course, Theerra Alumla is where the Governor General lives. Yesterday afternoon, mister Albanesi said the election will be called imminently and assuming he does that today, which everyone seems to think he will do in the elections on May three, we're in for a thirty six day campaign. Now. There was briefly on ex a post saying that the Department of Primester and Cabinet was now in caretaker mode. Ooops.

Both campaigns have been ready to go four weeks, but ex cyclone Alfred delayed the trip to yer Alumna by the PM. Of course, Theerra Alumla is where the Governor General lives. Yesterday afternoon, mister Albanesi said the election will be called imminently and assuming he does that today, which everyone seems to think he will do in the elections on May three, we're in for a thirty six day campaign. Now. There was briefly on ex a post saying that the Department of Primester and Cabinet was now in caretaker mode. Ooops.

I felt so sorry for the social media person that accidentally posted that because it yeah, it would have been preparing it ready to go when it happened accidentally. Oh no, it was only up there for four minutes, but four minutes is a long time in cyberspace. Someone got a screenshot, yep, they sure did. As we head to an election, betting markets have a minority ALP government as the favorite outcome. Polling generally has the coalition leading on a two party preferred basis fifty one to forty nine percent. That the Pulses themselves agree. That doesn't mean Peter Dutton will be the prime Minister after the next election. They actually think it will be Anthony Winneasy In the important measure of preferred PM alban Easy still holds a lead over Dutton. The election will be fought on cost of living issues, with the Government putting its small tax cut announced on Tuesday's budget up against a twenty five cents elitter reduction in petrol prices promised by our Position leader Peter Dutton last night. Healthcare and energy policies will also be front and center, both areas where the two parties have differences. I'm sure each will focus on what they think is the right policy. Now, the timing on all of this is interesting, isn't it, Sean Because making an announcement today and leaking it ahead of time, which is really what happened, it crowds out the news cycle.

I felt so sorry for the social media person that accidentally posted that because it yeah, it would have been preparing it ready to go when it happened accidentally. Oh no, it was only up there for four minutes, but four minutes is a long time in cyberspace. Someone got a screenshot, yep, they sure did. As we head to an election, betting markets have a minority ALP government as the favorite outcome. Polling generally has the coalition leading on a two party preferred basis fifty one to forty nine percent. That the Pulses themselves agree. That doesn't mean Peter Dutton will be the prime Minister after the next election. They actually think it will be Anthony Winneasy In the important measure of preferred PM alban Easy still holds a lead over Dutton. The election will be fought on cost of living issues, with the Government putting its small tax cut announced on Tuesday's budget up against a twenty five cents elitter reduction in petrol prices promised by our Position leader Peter Dutton last night. Healthcare and energy policies will also be front and center, both areas where the two parties have differences. I'm sure each will focus on what they think is the right policy. Now, the timing on all of this is interesting, isn't it, Sean Because making an announcement today and leaking it ahead of time, which is really what happened, it crowds out the news cycle.

Doesn't it.

Doesn't it.

Meaning not too many Australians will actually have taken too much notice of mister Dutton's budget reply speech last.

Meaning not too many Australians will actually have taken too much notice of mister Dutton's budget reply speech last.

Night exactly right. The centerpiece of what Peter Dutton said last night was a promise to lower household costs by cutting the price of petrol. Now he'll do that by reducing excise tax on petroleum for a year that's a trick that's been used before by governments. Theoretically, it reduces the cost of petrol by about twenty five cents a later. That's about fourteen bucks a tenC on average you fill up every week, fourteen bucks saving. That's versus the Albanezy ten dollars a week tax cuts, which of course don't kick in for a couple of years, so we basically have tax cuts verse lower fuel costs going on. At the moment. Experts say the election will be one in the outer suburbs. They're the areas where voters are really feeling the pinch that makes New South Wales a particularly important The last few federal elections Victoria and Queensland in particular seem to get a lot of focus. Well, New South Wales will get a lot of focus this time is about a dozen mostly ALP elections in outer Sydney, and they mean both sides will want to win those.

Night exactly right. The centerpiece of what Peter Dutton said last night was a promise to lower household costs by cutting the price of petrol. Now he'll do that by reducing excise tax on petroleum for a year that's a trick that's been used before by governments. Theoretically, it reduces the cost of petrol by about twenty five cents a later. That's about fourteen bucks a tenC on average you fill up every week, fourteen bucks saving. That's versus the Albanezy ten dollars a week tax cuts, which of course don't kick in for a couple of years, so we basically have tax cuts verse lower fuel costs going on. At the moment. Experts say the election will be one in the outer suburbs. They're the areas where voters are really feeling the pinch that makes New South Wales a particularly important The last few federal elections Victoria and Queensland in particular seem to get a lot of focus. Well, New South Wales will get a lot of focus this time is about a dozen mostly ALP elections in outer Sydney, and they mean both sides will want to win those.

Of an election campaign Seowan, you are a bit of a political junkie, and yeah you've been around for a while. How did you get excited?

Of an election campaign Seowan, you are a bit of a political junkie, and yeah you've been around for a while. How did you get excited?

Yeah, totally, yeah, totally. You actually get to find out what these people are like and what they're saying and it gets confusing because they renounce the same thing again and again.

Yeah, totally, yeah, totally. You actually get to find out what these people are like and what they're saying and it gets confusing because they renounce the same thing again and again.

You do need to be very discerning, don't you go? Hang, we have heard this before and they both do it, both sides, every party does it. So anyway, we will have Look here we are talking as it's already happened, but we will have very comprehensive coverage the whole way through critical coverage of course, local markets. How do they perform Yesterday?

You do need to be very discerning, don't you go? Hang, we have heard this before and they both do it, both sides, every party does it. So anyway, we will have Look here we are talking as it's already happened, but we will have very comprehensive coverage the whole way through critical coverage of course, local markets. How do they perform Yesterday?

Yeah, explos down around half a percent, with the tech sector hit hardest. Basically when there's turmoil in the US and on Wall Street, well, the tech talks seem to get hit hardest. Wy SAT Global, Software Group, Technology One Data Center on and next DC. They all fell yesterday. Worst was Promedicus, the imaging company. It's down eight percent. Zip Co finished seven percent lower. Tough day for the property sector. On the flip side, pathology services provider Helius jumped eleven percent after announcing a fully franked special dividend following the sale of subsidiary Loomis Imaging. Ramsey Healthcare rebounded, also finishing up five percent. The other interesting move I think as a group, so Donald Trump announced twenty five percent on tariffs on cars and parts entering the US. We'll talk about that in a moment. That actually hits some of the local auto related groups. So parts makers babcor and AARB Corporation, fell as did dealership group Eagers Automotive.

Yeah, explos down around half a percent, with the tech sector hit hardest. Basically when there's turmoil in the US and on Wall Street, well, the tech talks seem to get hit hardest. Wy SAT Global, Software Group, Technology One Data Center on and next DC. They all fell yesterday. Worst was Promedicus, the imaging company. It's down eight percent. Zip Co finished seven percent lower. Tough day for the property sector. On the flip side, pathology services provider Helius jumped eleven percent after announcing a fully franked special dividend following the sale of subsidiary Loomis Imaging. Ramsey Healthcare rebounded, also finishing up five percent. The other interesting move I think as a group, so Donald Trump announced twenty five percent on tariffs on cars and parts entering the US. We'll talk about that in a moment. That actually hits some of the local auto related groups. So parts makers babcor and AARB Corporation, fell as did dealership group Eagers Automotive.

All right, there is a bit going on after the show, Sean, we have an interview coming up today with David Zimmerman from black Oak Capital. This is interesting.

All right, there is a bit going on after the show, Sean, we have an interview coming up today with David Zimmerman from black Oak Capital. This is interesting.

It is so it's about investing in property, but it is specifically about investing in disability housing. So there are so many parts ways to play property and commercial. So you can do industrial, or you can do office, so you can do retail. Well, this is part of the residential group, and there's a pool of money, hundreds of millions of dollars of money for disability housing. It's not all being used. And so what black Oak and David are doing is putting together a fund that invests in that. And it's just a really interesting It's not for everyone, obviously, but it's a really interesting way of thinking about investing in property.

It is so it's about investing in property, but it is specifically about investing in disability housing. So there are so many parts ways to play property and commercial. So you can do industrial, or you can do office, so you can do retail. Well, this is part of the residential group, and there's a pool of money, hundreds of millions of dollars of money for disability housing. It's not all being used. And so what black Oak and David are doing is putting together a fund that invests in that. And it's just a really interesting It's not for everyone, obviously, but it's a really interesting way of thinking about investing in property.

Yeah, and a good supporter of fear and greed through blue chip communication. It's a great chat coming up after the show, Sean. We've got a lot still to cover. We'll be back in a moment with the rest of the day's business news. Sean Australia has been accepted into the US Global Entry Program, allowing Australian tourists and business leaders and corporate travelers to join faster entry lanes when they arrive in the US. This is good news.

Yeah, and a good supporter of fear and greed through blue chip communication. It's a great chat coming up after the show, Sean. We've got a lot still to cover. We'll be back in a moment with the rest of the day's business news. Sean Australia has been accepted into the US Global Entry Program, allowing Australian tourists and business leaders and corporate travelers to join faster entry lanes when they arrive in the US. This is good news.

It is those hassles of being at LAX Los Angeles or Jfkine, New York, waiting in those lines with all the other clubs.

It is those hassles of being at LAX Los Angeles or Jfkine, New York, waiting in those lines with all the other clubs.

Are they over? Are you just being a bit optos hopeful?

Are they over? Are you just being a bit optos hopeful?

Federal parliaments past new laws providing for expedited clearance processes at American airports from July onwards so you can become a member of what they know is known as the Global Entry Program. Cost about one hundred and ninety dollars. You get that for five years. The programs available only for pre approved, low risk travelers who satisfy the US's strict eligibility criteria. I'll be fine, not sure about yourself. What it basically means. You pay one hundred ninety bucks and you get through quickly. Quite interesting, mina. We have all this angst about the US at the moment, but this is good US, particularly for traveling. The US is the sixth most popular tourist destination for Australians. Its numbers are increasing, but it's actually the top ten destinations. It's the only one that is an at or above pre COVID levels. Really yeah, so the UK is it at about pre COVID levels, but all the other places, Indonesia, Japan, New Zealand way above pre COVID level. It's not the US. It's significantly below pre COVID levels.

Federal parliaments past new laws providing for expedited clearance processes at American airports from July onwards so you can become a member of what they know is known as the Global Entry Program. Cost about one hundred and ninety dollars. You get that for five years. The programs available only for pre approved, low risk travelers who satisfy the US's strict eligibility criteria. I'll be fine, not sure about yourself. What it basically means. You pay one hundred ninety bucks and you get through quickly. Quite interesting, mina. We have all this angst about the US at the moment, but this is good US, particularly for traveling. The US is the sixth most popular tourist destination for Australians. Its numbers are increasing, but it's actually the top ten destinations. It's the only one that is an at or above pre COVID levels. Really yeah, so the UK is it at about pre COVID levels, but all the other places, Indonesia, Japan, New Zealand way above pre COVID level. It's not the US. It's significantly below pre COVID levels.

This might help. Maybe this next story, Sean, this is an absolute cracker, right, Canadian value retailer dollar Rama, great name, great name is going to be by a local group, the Reject Shop. We all know very well, paying more than twice what the company is valued at on the ASX.

This might help. Maybe this next story, Sean, this is an absolute cracker, right, Canadian value retailer dollar Rama, great name, great name is going to be by a local group, the Reject Shop. We all know very well, paying more than twice what the company is valued at on the ASX.

I hope to be a shareholder in the Reject Shop. Oh, that would have been amazing if only we were two days ago. So it's share price, the Reject Shops share price jump one hundred eleven percent. Yesterday dollar Ama offered six dollars sixty eight a share. That compared to Reject Shops three dollars fifteen a share close on Wednesday. That must have been so it's actually one hundred and twelve percent premium. Chair of the Reject Shop Stephen Fisher said the bid was attractive.

I hope to be a shareholder in the Reject Shop. Oh, that would have been amazing if only we were two days ago. So it's share price, the Reject Shops share price jump one hundred eleven percent. Yesterday dollar Ama offered six dollars sixty eight a share. That compared to Reject Shops three dollars fifteen a share close on Wednesday. That must have been so it's actually one hundred and twelve percent premium. Chair of the Reject Shop Stephen Fisher said the bid was attractive.

Really the understatement of the week shoan provide certainly if for shareholders, the board recommends investors take the offer.

Really the understatement of the week shoan provide certainly if for shareholders, the board recommends investors take the offer.

There you go, genius.

There you go, genius.

Oh golly, while we're talking about bids, US real estate giant Costar has put forward a second higher offer for Domain, saying that it's a bit of four dollars forty three a share is the best and final offer.

Oh golly, while we're talking about bids, US real estate giant Costar has put forward a second higher offer for Domain, saying that it's a bit of four dollars forty three a share is the best and final offer.

It actually two gid a five percent drop in Drama Mean's share price. It closed at four dollars twenty four yesterday. Basically investors expected another bid from Coastar, but they wanted it to be about four bucks sixty. So when it came in at four dollars forty three, it was up about five and a half percent, about forty percent better than where Domain was ahead of any bid that was back in middle of February or so. But investors were just a bit disappointed it wasn't more. Now the board of Domain, which is the Australia's second biggest property sales platform, has opened the doors to coast I said, come on in do a due Diligence nine Entertainment on sixty percent of domain. We know that it's worth about one point four billion dollars under this bid. They will be the deal makers or not on this one.

It actually two gid a five percent drop in Drama Mean's share price. It closed at four dollars twenty four yesterday. Basically investors expected another bid from Coastar, but they wanted it to be about four bucks sixty. So when it came in at four dollars forty three, it was up about five and a half percent, about forty percent better than where Domain was ahead of any bid that was back in middle of February or so. But investors were just a bit disappointed it wasn't more. Now the board of Domain, which is the Australia's second biggest property sales platform, has opened the doors to coast I said, come on in do a due Diligence nine Entertainment on sixty percent of domain. We know that it's worth about one point four billion dollars under this bid. They will be the deal makers or not on this one.

I mentioned this next one at the top of the show Shane. Apple has updated its maps app to display traditional Aboriginal names for places across Australia. They're big, joining companies like Quantists and Australia Posts that do so as well.

I mentioned this next one at the top of the show Shane. Apple has updated its maps app to display traditional Aboriginal names for places across Australia. They're big, joining companies like Quantists and Australia Posts that do so as well.

The map's update has been a four year project, with Apple saying it has only scratched the surface and high learning how technology can help preserve culture and enhance education. Apples worked with Indigenous advisors, cartographers, traditional owners, language holders and community members to complete the automatic upgrade, which went live yesterday afternoon. According to the Australian Indigenous groups can also submit pictures of their local communities to create place cards generate further awareness, and a similar update has been launched in New Zealand. It brings Australia in line with the US and Canada, where Apple's also displayed Indigenous place names. Obviously quantas Australia Post, they're in part of that as well. You know, in that whole map like Are you a Google Maps or an Apple Maps person? I or one or the other.

The map's update has been a four year project, with Apple saying it has only scratched the surface and high learning how technology can help preserve culture and enhance education. Apples worked with Indigenous advisors, cartographers, traditional owners, language holders and community members to complete the automatic upgrade, which went live yesterday afternoon. According to the Australian Indigenous groups can also submit pictures of their local communities to create place cards generate further awareness, and a similar update has been launched in New Zealand. It brings Australia in line with the US and Canada, where Apple's also displayed Indigenous place names. Obviously quantas Australia Post, they're in part of that as well. You know, in that whole map like Are you a Google Maps or an Apple Maps person? I or one or the other.

All of my stuff is Apple. I use iPhones, et cetera. But I use Google Maps on those devices.

All of my stuff is Apple. I use iPhones, et cetera. But I use Google Maps on those devices.

It's funny. I actually use Apple Maps really, yeah, and I don't Yeah.

It's funny. I actually use Apple Maps really, yeah, and I don't Yeah.

Is there any particular reason why you landed on that?

Is there any particular reason why you landed on that?

Because it's just easy, Like I think it's kind of on the home screen. So that's where I went. Occasionally I use Ways. I find Google Maps quite irritating. Now why I so used to Apple Maps? Ah?

Because it's just easy, Like I think it's kind of on the home screen. So that's where I went. Occasionally I use Ways. I find Google Maps quite irritating. Now why I so used to Apple Maps? Ah?

Okay, see, I find it because I Google everything and then you just follow the links straight through to Google Maps to find where you're going. I don't know, but I mean, realistically, there's not a huge amount of difference between the two in terms of functionality.

Okay, see, I find it because I Google everything and then you just follow the links straight through to Google Maps to find where you're going. I don't know, but I mean, realistically, there's not a huge amount of difference between the two in terms of functionality.

No, you disagree, Well, so I did quite a bit of driving around the place. I mean you do too, and I so if you put Ways in this, you put ways, Apple and Google altogether. It is funny how they will have very different arrival times.

No, you disagree, Well, so I did quite a bit of driving around the place. I mean you do too, and I so if you put Ways in this, you put ways, Apple and Google altogether. It is funny how they will have very different arrival times.

Okay, how about this, right you me Adam lang our fear and greed, colleague. Yes, let's do a map off where each of us gets into a car at the same time and we are all heading to the same destination, but we are all each using a different form. You use Google, Use Google, and we can give ad them ways.

Okay, how about this, right you me Adam lang our fear and greed, colleague. Yes, let's do a map off where each of us gets into a car at the same time and we are all heading to the same destination, but we are all each using a different form. You use Google, Use Google, and we can give ad them ways.

You'd be too confusing From ways.

You'd be too confusing From ways.

I just writes three weeks later, Hello Adam, But he arrived. He got there eventually. Anyway, Well, we'll plan our map off at some other point because we've got to get to Internationally. US President Donald Trump is placing twenty five percent tariffs on all auto imports. We mentioned this earlier, a move that he says will foster domestic manufacturing and help economic growth.

I just writes three weeks later, Hello Adam, But he arrived. He got there eventually. Anyway, Well, we'll plan our map off at some other point because we've got to get to Internationally. US President Donald Trump is placing twenty five percent tariffs on all auto imports. We mentioned this earlier, a move that he says will foster domestic manufacturing and help economic growth.

Mind you, among the beast opponents of the tariffs are the US car manufacturers themselves, because they source components off sure, meaning that they're actually going to face higher costs now and potentially lower sales. Tesla, for example, makes cars in Europe. Any of those end up in the US, there'll be twenty five percent more costly shares in general Motors, Forward and Stilanta's, which owns Jeep and Chrysler, fell in Asian markets Toatahundai. They fell as well. The tariff's kick in on April TI, what Donald Trump is calling Liberation Day for the American economy. Trump's promising to announce reciprocal tariffs on all of America's trading partners on that day.

Mind you, among the beast opponents of the tariffs are the US car manufacturers themselves, because they source components off sure, meaning that they're actually going to face higher costs now and potentially lower sales. Tesla, for example, makes cars in Europe. Any of those end up in the US, there'll be twenty five percent more costly shares in general Motors, Forward and Stilanta's, which owns Jeep and Chrysler, fell in Asian markets Toatahundai. They fell as well. The tariff's kick in on April TI, what Donald Trump is calling Liberation Day for the American economy. Trump's promising to announce reciprocal tariffs on all of America's trading partners on that day.

In the US Sean, Donald Trump is struggling to fend off criticism over the inadvertent inclusion of a journalist in a signal chat a secure chat right discussing military actions in Yemen. We've been talking about this for a few days. It's not going away.

In the US Sean, Donald Trump is struggling to fend off criticism over the inadvertent inclusion of a journalist in a signal chat a secure chat right discussing military actions in Yemen. We've been talking about this for a few days. It's not going away.

It was secure. It's just that the person added was a journalist. Ye, Like, it didn't hack Yeah, no, no, no, it didn't actually didn't breach it. He was invited in.

It was secure. It's just that the person added was a journalist. Ye, Like, it didn't hack Yeah, no, no, no, it didn't actually didn't breach it. He was invited in.

It's like inviting a vampire, and you know how you have torn a vampire across the threshold.

It's like inviting a vampire, and you know how you have torn a vampire across the threshold.

So the journalist was Atlantic editor Jeffrey Goldberg. Yesterday morning he kind of said, after this furor, I'm just going to publish the text. Now. He did redact some names to sort of look after the innoctant type thing. But it shows how Defense Secretary Peter Hegsath revealed specific operation details of attacks on Yemen before and as they were occurring. There's a message from Hegxsath to the full group, which includes Vice President J. D Vance and others, giving precise times for two ways of US attacks featuring details, what weapon systems would be used, et cetera. The Trump administration has basically responded to all this news saying that Goldberg was a Trump hater and the Atlantic didn't like the administration. They said the text messages really didn't amount to war plans or classified information. It has just bald faced some of this. Even the Republicans in Congress are going, I just don't think we can buy this and I can't.

So the journalist was Atlantic editor Jeffrey Goldberg. Yesterday morning he kind of said, after this furor, I'm just going to publish the text. Now. He did redact some names to sort of look after the innoctant type thing. But it shows how Defense Secretary Peter Hegsath revealed specific operation details of attacks on Yemen before and as they were occurring. There's a message from Hegxsath to the full group, which includes Vice President J. D Vance and others, giving precise times for two ways of US attacks featuring details, what weapon systems would be used, et cetera. The Trump administration has basically responded to all this news saying that Goldberg was a Trump hater and the Atlantic didn't like the administration. They said the text messages really didn't amount to war plans or classified information. It has just bald faced some of this. Even the Republicans in Congress are going, I just don't think we can buy this and I can't.

Win this one guy, let's just accept this, all right. While we're talking of the Atlantic, Sean, this is a story that actually affects me personally. The Atlantic has done some fantastic work in recent days reporting on these massive digital warehouses of stolen intellectual property. They include a lot of academic papers, but they also include millions of books, and these are a works that have never been approved to sit in these warehouses. They've been pirated, right, And the Atlantic did a lot of digging, a lot of work into this. And Meta is alleged to have deliberately and explicitly authorized a raid on two two of these warehouses, Libgen and Anna's Archives, the other one to help train its latest AI model, Lama three. It affects me personally because I went to the Atlantic website right to have a look at it, and they've got the database set up there. And in twenty twenty three, I put out a released a novel, did You Yes, called How to Be Remembered Sean. It's very good and it's still available. You can purchase it if you like books. Indeed, and I jumped on there and I searched for it, and there it was. It was one of the books that had been pirated. And so my work that took kind of three years to write, my book was just sitting there having been illegally essentially downloaded and fed into this AI model.

Win this one guy, let's just accept this, all right. While we're talking of the Atlantic, Sean, this is a story that actually affects me personally. The Atlantic has done some fantastic work in recent days reporting on these massive digital warehouses of stolen intellectual property. They include a lot of academic papers, but they also include millions of books, and these are a works that have never been approved to sit in these warehouses. They've been pirated, right, And the Atlantic did a lot of digging, a lot of work into this. And Meta is alleged to have deliberately and explicitly authorized a raid on two two of these warehouses, Libgen and Anna's Archives, the other one to help train its latest AI model, Lama three. It affects me personally because I went to the Atlantic website right to have a look at it, and they've got the database set up there. And in twenty twenty three, I put out a released a novel, did You Yes, called How to Be Remembered Sean. It's very good and it's still available. You can purchase it if you like books. Indeed, and I jumped on there and I searched for it, and there it was. It was one of the books that had been pirated. And so my work that took kind of three years to write, my book was just sitting there having been illegally essentially downloaded and fed into this AI model.

So it's like no attribution, no financial recompense for you or any of the authors. They've basically been uploaded all this information, all these books been uploaded to large language models. According to Form's magazine, the accusation is that MENA realized they needed high quality content to populate its large language, which is the basis of AI, and the books provided that. So they used libgen, which is home to more than seven point five million pirated books and eighty one million stolen research papers, to fill the gap. They also used another digital warehouse called Enna's archive. The allegation is that Mark Zuckerberg green lit the theft only an allegation at this point. Meta's response is that comes under fair use provisions, says Lama three uses the information but transforms it, transforms being operative word there into new outputs. Michael, I'm looking at your face here. You are not happy.

So it's like no attribution, no financial recompense for you or any of the authors. They've basically been uploaded all this information, all these books been uploaded to large language models. According to Form's magazine, the accusation is that MENA realized they needed high quality content to populate its large language, which is the basis of AI, and the books provided that. So they used libgen, which is home to more than seven point five million pirated books and eighty one million stolen research papers, to fill the gap. They also used another digital warehouse called Enna's archive. The allegation is that Mark Zuckerberg green lit the theft only an allegation at this point. Meta's response is that comes under fair use provisions, says Lama three uses the information but transforms it, transforms being operative word there into new outputs. Michael, I'm looking at your face here. You are not happy.

I'm not happy. And the reporting of this went into some of the alleged communications within Meta where they actually discussed it and said it was going to take too long and cost too much to license the material.

I'm not happy. And the reporting of this went into some of the alleged communications within Meta where they actually discussed it and said it was going to take too long and cost too much to license the material.

Yeah, yeah, yeah.

Yeah, yeah, yeah.

It doesn't get any worse than that anyway. Just take a deep breath and we will move on. We'll wrap things up now. Sean up next to the Fear and Grey Daily interview with David Zimmermann from Black Oak Capital. It is coming up in the Fear and Greed playlist, or we can get it at Fearangreed dot com dodau, which is also where you sign up for our free newsletter as well. Thank you, Sean, Thank you Michael. It is Friday, the twenty eighth of March twenty twenty five. Make sure you're following a podcast and please join us online on LinkedIn, Instagram, x TikTok and Facebook, Michael Thompson and that wasphere and greed have a great day.

It doesn't get any worse than that anyway. Just take a deep breath and we will move on. We'll wrap things up now. Sean up next to the Fear and Grey Daily interview with David Zimmermann from Black Oak Capital. It is coming up in the Fear and Greed playlist, or we can get it at Fearangreed dot com dodau, which is also where you sign up for our free newsletter as well. Thank you, Sean, Thank you Michael. It is Friday, the twenty eighth of March twenty twenty five. Make sure you're following a podcast and please join us online on LinkedIn, Instagram, x TikTok and Facebook, Michael Thompson and that wasphere and greed have a great day.