Nassim Khadem

And yes, as you've mentioned, and we've been discussing, it is going to have major implications going forward for advertising.

We know in Australia, the recent social media ban has affected their local advertising revenue.

So it definitely will have an impact.

Well, in 20 years of business reporting, Carrington, I've noticed this trend where companies do business first and ask for forgiveness later.

So, you know, we've seen it with Uber.

Uber came into, well, all around the world, but in Australia they came in, they broke the laws, and it was only afterwards that regulations were passed that resulted in fines for them afterwards.

But by then they'd built mass audiences, people liked it as an alternative to the tax industry, and they'd already built enough market share to not care about the fines that were involved when the regulation was passed.

You know, we're seeing this now with social media platforms, as you've mentioned, AI is the next big step.

And we don't know the level of information they have and, you know, the level of advancement actually is probably far beyond what you and I can even envisage.

But I suspect it's going to be the case that it's always been where they come in, they just, you know, do these things without meeting regulations or without thinking about ethical implications and then ask for forgiveness later.

I mean, what do you think?

You've spent a bit of time in the US, Carrington.

What's your sort of take about the US side of things?

But I also just feel like regulators are always kind of catching up.

Like the companies are just so advanced with this stuff that regulators then often come in later and say, oh, but you know, you need to think of this and you need to think of that.

But by then it's, you know, as I said with Uber, it's too late.

They've just already built these mass audiences that are addicted to what they're offering.

Because we're looking backwards, right, to the month of February, where we did see a small dip in inflation from 3.8% to 3.7%.

But of course, yeah, the data looks back, not forward.

And we expect inflation to rise because of the conflict between the US, Israel and Iran.