Carrington Clarke

And I was looking at the update from Anthropic in its most recent funding round where it was talking about the different companies it was paying, including Alphabet and other companies in that magnificent seven.

There is so much cross-pollination within this industry at the moment.

Does that lower the risk or heighten the risk of this all coming a cropper?

Well, the expression too big to fail immediately comes to mind, right?

We talk about this when it comes to the big banking institutions that eventually, well, the government's basically said that these institutions are so massive, but also so critically important to the economy that they had to get in there to support them because if they allowed them to collapse, which is supposed to be a usual part of the capitalist process, right?

If you bet the wrong way and your company isn't profitable,

You're supposed to fall away and then a new company can sprout up.

But what could be worrying about these mega caps, the Magnificent Seven, we'll work out our name for the 10, is that they are so important that everyone knows

needs them to succeed.

We've got the NASDAQ actually looking at loosening the rules to allow them to launch because they want them on their stock market.

But also individual countries are looking at relaxing their rules to incentivize them to come to set up in their own country, including here in Australia where Anthropic wants rules changed when it comes to copyright so that it can train its models.

And the carrot for the Australian government is, well, if you do this, then we'll invest huge amounts of money.

And this allows you to not only reap the economic rewards from that investment, but also it means you can have people working for this company that's going to be at the forefront of this revolution.

Yeah.

One of the other things that these companies need, besides cash, is huge amounts of electricity.

You did an article this week talking about how batteries have transformed the electricity market here in Australia for the better, in that they have actually led to lower prices of

when it comes to what people are paying at home, but also what businesses are paying.

Take us through how transformative the subsidy from the government for batteries has been, and has it finally proven whether or not renewables can be cheaper to fossil fuels when it comes to generating electricity?

Well, there's no doubt that

And we talked about gas being this important transitional system.