Carrington Clark

You can argue South Korea is also riding that wave as well because of its high exposure to chips.

But because of the concentration of artificial intelligence companies in the United States, they are receiving these huge increases in their valuations that you're not seeing in other parts of the global stock markets, including Australia and Europe.

And so they are, yes, we take our lead from what's happening on Wall Street, but the Australian market is not performing as strongly as it.

There's been a couple of little hints like Meta's last update when it seemed that there was a little bit more cynicism about if it was spending too much when it came to artificial intelligence, but then a company like Alphabet, parent company of Google,

Yeah, it seems like the more the better when it comes to a company like Alphabet, right?

That if the more money they're saying that they're pumping into artificial intelligence, the more they are rewarded by the market.

Xero, NextDC, which is actually a play that is connected to the artificial intelligence investment.

And they're not necessarily riding this wave of innovation.

The finance companies, the big banks are investing heavily in their own internal processes when it comes to artificial intelligence, but they're not necessarily making money in the same direct way that we're seeing these big tech companies.

We've had multiple questions this week following the Reserve Bank's decision to hike interest rates.

And I think if we kind of crunch it down, the fundamental question is, we keep hearing from the Reserve Bank, they have one blunt instrument to deal with inflation.

Well, why aren't there other options?

So our colleague Michael Yanda has a great article, which people can find on ABC website today, where he goes through some of the other options potentially of how you can deal with high inflation inflationally.

outside just pushing up interest rates.

What do you make of that fundamental question and some of the suggestions that we've got from Michael?

Michael's got a few suggestions of what you could do.

One is that you have some sort of independent agency that is able to adjust tax rates when inflation is getting too hot.

So you up the tax rate because most people are pay-as-you-go taxpayers, that you would immediately see that.

If you're getting paid fortnightly, you'd see a slight reduction in your pay packet.

So this would hit all taxpayers almost immediately.