James Thomson
speaker
2,279 appearances
7 recordings
2 series
first heard Apr 2026
last heard 12 Jun
James Thomson’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 7 in all, peaking in May 2026 with 4.
Appearances
But, you know, if this AI investment gets wasted, they don't go broke.
They will just have dusted an absolute truckload of cash.
I mean, the frontier labs, your OpenAI, Anthropic, SpaceX, GROK, I mean-
They're all in ramp up modes.
They'd be in trouble, but these guys alone have huge valuations.
They've been raised from external investors.
Now, if they went broke, I mean, there's not a lot of leverage in there.
So, I mean, they have made commitments to others and there would be knock on effects, but I'm not, I'm not sure that that tips the financial system into full blown meltdown mode.
Yeah, that's fair.
So I'm struggling to see the catastrophic risk to the economy of financial markets.
Yes, equity prices would take a really big bath and that's always got potential to spill over forward.
But I mean, in debt markets where these things really matter-
Uh, these companies have been playing more in debt markets, but it's not like trades between banks, like in the GFC that really set off the downfall.
But I mean, to Dan's question, we are seeing regulators do things differently.
And you know, like we saw ASIC with this SpaceX float.
agree to let SpaceX, basically Elon Musk, go into Australian mum and dad's homes and pick their pockets for this float.
I mean, that's the first time this has ever happened.
And ASIC allowed it to happen.
It said you can do it using your US prospectus, which is full of outlandish things, James, like
Five-year forward total addressable markets like Elon Musk's pay packet, which is linked to getting a million people living on Mars.
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