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Craig Scroggie

👤 Speaker
322 total appearances

Appearances Over Time

Podcast Appearances

ABC Business Daily
Craig Scroggie on AI’s hunger for power

Yeah, I mean, the question of universal basic income certainly discussed globally at the moment around what the future of artificial intelligence may mean for reshaping jobs.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

But that's knowledge work.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

I mean, physical work.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

The biggest shortage we've got right now for all the chippies and plumbers and electricians and everybody else out there, there's thousands of them in demand.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

So I don't think while we're building infrastructure, the requirement for new jobs and certainly existing ones that go to develop

ABC Business Daily
Craig Scroggie on AI’s hunger for power

the technologies, it's greater than it's been at any other point in time before.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

The salaries for chiffies and electricians and plumbers is probably higher than we've seen at any other point in time in recent history.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

Well, what I know for sure after being a public company CEO for 15 years is share prices go up and down.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

The question about what happens with AI impacting share prices or values certainly seen a lot of immediate reactions to AI affecting the software industry itself and SaaS companies have been impacted.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

because the way the technology works is AI can talk to another AI without the human.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

And it does that through a thing called an MCP.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

It's a model context protocol.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

You use connectors for systems to talk to other systems.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

So if the human no longer needs the SAS interface and the computers can talk to each other, that's a whole new layer of automation that we hadn't previously had access to.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

Yeah, I think all these questions, Alan, are good questions.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

I'm not sure that there's any clear answers for these things, but we'll certainly, you know, deal with them over time.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

Physical or embodied AI.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

So to that point, we're just starting to see, if you look at companies who are developing robots for enterprise and factory work, and you look at companies that are producing them for the home.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

So FIGA is a company that's producing a fully autonomous AI and embodied AI, physical AI.

ABC Business Daily
Craig Scroggie on AI’s hunger for power

Yep, Tesla, Elon Musk is doing this.