David Taylor
speaker
997 appearances
8 recordings
2 series
first heard Apr 2026
last heard 15 Sep
David Taylor’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 8 in all, peaking in Sep 2026 with 3.
Appearances
It was it was let go, uh, but there was enormous support from the government uh and from, you know, Treasury specifically.
And the US Federal Reserve to make sure the markets could keep going.
So you would have thought that if we had this sort of potential for crisis, economic crisis or financial crisis, with AI companies building out too fast, as you said, with the data centers and things like that, then you would expect the government to be backing Wall Street, backing the companies, providing support, uh, and not sort of really going against it or or or throwing a spatter in the works.
So I don't like it.
I think it's potentially enormously risky.
But at the same time, it is very, very hard to see the enthusiasm withdrawing from these big tech companies.
Whether the other big techs that we have talked about, including Anthropic, do go to the market, as SpaceX has, is anyone's guess.
But it's very hard to see the sorts of valuations we're seeing at the moment being justified, which I think is kind of why they're all saying, look, let's.
Let's just slow this down a bit.
It's not just the existential philosophical argument.
It's saying we want to be big, bold companies in the future.
And if we go too fast, as with the small business that grows too fast, if we go too fast, we're going to fall over.
I think it'll be relatively minor.
Um, it's funny, you know, that we have this uh problem in Australia and we've had it for many years now, that we cannot do things better uh at scale.
And and the word that gets thrown around about it, and please if you're listening, don't stop listening now.
It's the I'm gonna I'm gonna throw the word out there, productivity.
You know, it's it's one of these words that makes people's eyes glaze over because they don't
The relevance to them, and and that's fair enough.
And the word productivity doesn't mean anything in itself.
But uh my hope, because productivity has been so poor over the past few years, my hope, and I guess it's the government's hope too, is that AI will finally give productivity a positive number in this country, which means that people will be able to work better.
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