Greg Smith

Pencil pushers like me and white collar workers back to blue collar.

Is that what it's going to be like?

But then blue collar got robotics.

But yeah, back to the budget.

Yeah, there's no mention of our political football.

You know, there's obviously a lot of cuts in Wellington.

And you wonder how much of that obviously is technology and AI.

So it's a bit of a tough one to sort of go down.

But I did sort of see some comments from Christopher Luxon, which I thought about sort of on the way here.

Again, he didn't sort of – he was talking about being an opportunity for innovation.

And I actually thought about it.

There's aspects of that that are right when you look at –

The adoption of AI globally, and that's actually been one of our big investment things.

We talked about earlier about adding to companies that we liked during the March downturn.

A lot of it was big tech names, big AI names, names like NVIDIA, but also names like Micron and SK Hynix.

And part of the narrative around that is that AI adoption, despite the fact that it's been with us for years in terms of a concept, is actually still quite low.

There was quite a wide survey in the US in March, and less than, I think it's 19% of US firms are using AI.

So 81% aren't using AI.

Look at this amazing opportunity.

We're go-getters in terms of new Kiwis in New Zealand.