Australian attorney and government official; current ACCC chair since 21 March 2022
Markets have surged on AI infrastructure spending, with small-cap and tech shares leading gains. However, investors are warning of higher compute costs and uneven demand, signaling a possible pullback and a shift in the AI investment cycle.
Australia is experiencing fuel shortages and rising prices due to the conflict in the Middle East and the closure of the Strait of Hormuz. The government has announced measures including halving fuel excise taxes and releasing reserves to support supply, but concerns about inflation and long-term impacts persist.