This week on ABC Statewide Drive, I spoke about how artificial intelligence (AI) is reshaping sharemarkets, prompting investors to reassess which business models are likely to benefit and which may face disruption. Major technological shifts tend to reshape markets in unpredictable ways.

  I joined Juliette Saly on Ausbiz to discuss how AI-generated content is becoming so hyper realistic that it is increasingly difficult to distinguish from reality. For investors, this pace of improvement highlights both the extraordinary power of the technology and the speed at which competitive advantages can erode.

It’s a shot across the bow. In recent weeks, short, sharp sell-offs across the largest global artificial intelligence (AI) hyperscalers have woken investors from their technology and AI-inspired slumber. In just six trading sessions, Microsoft fell 18 per cent.

I joined Paul Turton on ABC Mornings to discuss how AI is evolving beyond simple prompts into autonomous agents that can act on our behalf, but warned that market expectations may be getting ahead of reality.

I joined ABC News, who were reporting on the shifting outlook for markets, to discuss how fading U. S. exceptionalism, a weaker dollar and concerns about China have unsettled investors and driven a rush to gold.

  I joined Juliette Saly on Ausbiz to discuss how the AI trade has shifted from hype to reality. Adoption is proving more cyclical than expected, customers will not pay any price for AI tools, and data centre rollouts face delays from regulation and power constraints.

On statewide drive with Jess Maguire, I explained that recent market volatility reflects investors reassessing some big assumptions, particularly after Donald Trump’s nomination of Kevin Walsh as the next U. S. Federal Reserve chair. Many investors had been expecting lower U. S. interest rates, so the nomination caught markets off guard and forced a reversal of those bets.

The strength of U. S. stock markets would have any reasonable investor believing all is well with the world and that U. S. exceptionalism is alive and well.

Gold prices jumped as much as 20 per cent in January before falling this month, while silver, after rising 250 per cent over 13 months, dropped 20 per cent in just days, raising the question of whether the boom is over or volatility will continue.