Speaker 1: This is what the flux I'm Brettman justin ad. It's Wednesday,
Speaker 1: the third of July.
Speaker 2: Boy A and Z Bank is into the sin bit
Speaker 2: at the Banking Code Compliance Committee.
Speaker 1: Get this one.
Speaker 2: A and Z was charging fees to deceased estates between
Speaker 2: twenty nineteen and twenty twenty four. The good news, and
Speaker 2: they failed to stop or refund the fees as well.
Speaker 2: In total, it will now pay back three point three
Speaker 2: million dollars to over eighteen thousand impacted.
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Speaker 2: Three riveting stories today Juzzy Boy for our first Ossie
Speaker 2: Telco TPG is setting up a new battle against Telstra
Speaker 2: after partnering with Fox Sales new streaming aggregation platform Hubble.
Speaker 1: This is juicy, particularly because Telstree is a part owner
Speaker 1: in foxdaleb Man, So tell me more, so, Juzyboy.
Speaker 2: TPG is the telco brand that merged with the Votaphone
Speaker 2: in twenty twenty in a fifteen billion dollar merger. TPG
Speaker 2: had the networks and the broadband, Votophone had the brand
Speaker 2: and the millions of mobile customers. And this marriage has
Speaker 2: meant the new TPG has become the third largest telco
Speaker 2: network in Australia behind Telstra and Optus. And since the merger,
Speaker 2: TPG has kind of stayed in its own lane, nothing
Speaker 2: too radical.
Speaker 1: But now TPG's announced a new content play for the
Speaker 1: very first time.
Speaker 2: Yeap is just announced a partnership with Hubble, the streaming
Speaker 2: aggregation platform.
Speaker 1: Yes, the platform that Haymish and Andy have been walking around
Speaker 1: as human billboards for now.
Speaker 2: The idea of Hubble is to give consumers one single
Speaker 2: interface to view different streaming.
Speaker 1: Apps, meaning you can search for bridget In's Netflix or
Speaker 1: Yellowstone on Stand on the same platform and Jessie Boyd.
Speaker 2: This is all part of TPG's plan to keep its
Speaker 2: customers sticky.
Speaker 1: So what is the key learning here?
Speaker 2: When your business has become so dun commodified, you need
Speaker 2: to show value in new ways.
Speaker 1: Let's face it, b Man, the only differentiator is in
Speaker 1: the mobile networks network range and price.
Speaker 2: And TPG slash Votaphone isn't the leader in either of
Speaker 2: these categories.
Speaker 1: So something else has got to give in order for
Speaker 1: them to retain customers. You see, juzzy boy.
Speaker 2: Even the big dogs of Telstra and Optis have invested
Speaker 2: billions of dollars buying content like.
Speaker 1: Optis buying the sport broadcast rights to the English Premier
Speaker 1: League for six hundred mil.
Speaker 2: Or Telstra partner with the AFL, or streaming platforms like Fetch.
Speaker 1: But so far, be Man. TPG has chosen to focus
Speaker 1: on being a pure play mobile operator.
Speaker 2: But with not much of a differentiation, TPG is hoping
Speaker 2: its new partnership with Hubble might keep its customers as
Speaker 2: loyal as Hamish and Andy to Hubble ads.
Speaker 1: For our second story, YouTube has rolled out a new
Speaker 1: policy that will our users to request taking down a
Speaker 1: high generated content it simulates their face or voice.
Speaker 2: Wow, you got to imagine this is just the beginning
Speaker 2: of this type of stuff, juzzy boy, tell me more.
Speaker 1: Okay, so we know YouTube, the video on demand platform
Speaker 1: that launched back in two thousand and five, they video
Speaker 1: titled me at the Zoo. Now a bit has happened
Speaker 1: since then.
Speaker 2: It was acquired by Google in two two thousand and
Speaker 2: six for one point six y five billion US dollars.
Speaker 1: It's also become the platform where millions of content creators
Speaker 1: have made it full time salary.
Speaker 2: In fact, there are around fourteen billion videos on YouTube. Yes,
Speaker 2: that's more than one and a half videos for every
Speaker 2: person on this planet.
Speaker 1: But be man. With so many videos online, there's also
Speaker 1: an intense amount of monitoring that YouTube needs to do
Speaker 1: and judge.
Speaker 2: Boy, Since the newish emergence of AI generated content, there
Speaker 2: are even more reasons for monitoring.
Speaker 1: Now YouTube's rolled out of policy for people to lodge
Speaker 1: privacy violations. If there's AI generated content that's been uploaded
Speaker 1: that simulates their face or voice, like.
Speaker 2: A video of Joe Biden Donald Trump engaging in some
Speaker 2: criminal activity like a golf match, that be man submitting
Speaker 2: the request for a takedown. It doesn't necessarily mean the
Speaker 2: content will be removed. YouTube will be the judge of
Speaker 2: that one.
Speaker 1: But this particularly concerning on all tech platforms this year
Speaker 1: because AI generated endorsements could potentially swing elections. Oh big
Speaker 1: call for you, juzzy boy, So what's the key learning here?
Speaker 1: In the digital age? Finding trustworthy sources has become harder
Speaker 1: and harder to.
Speaker 2: Fine and every developer can build AI generated content that
Speaker 2: looks real to the naked eye and be man.
Speaker 1: This industry is just getting started.
Speaker 2: The global AI video generator market size was estimated at
Speaker 2: five hundred and fifty five million US dollars in twenty
Speaker 2: twenty three, but it's expected to grow at nearly twenty
Speaker 2: percent over the next six years, according to Grandview Research
Speaker 2: and Jazi Boyd. This means that tech companies that host
Speaker 2: this content have a huge obligation to ensure that content
Speaker 2: on their site is authentic.
Speaker 1: Metters started throwing in labels made with AI to highlight
Speaker 1: to its users that the image or video isn't real,
Speaker 1: and TikTok will also flag users who upload AI generated content.
Speaker 1: But be man, I've got a feeling this is just
Speaker 1: the beginning of this long, long conversation.
Speaker 2: For our third and final story, Nike's share price dropped
Speaker 2: close to twenty percent after it announced that it's expecting
Speaker 2: quarterly sales to drop ten percent.
Speaker 1: In vessus. Sure, I'm giving those numbers of tick, So
Speaker 1: what is going on here. Well.
Speaker 2: Nike is the world's biggest sportswear brand, with a market
Speaker 2: cap of over one hundred and forty four billion US dollars.
Speaker 1: It's known for sneakers like the Air Force one and
Speaker 1: the Airge which does what.
Speaker 2: Nike's origin story has humble beginnings, with the very first
Speaker 2: pair being made using a waffle iron, yes.
Speaker 1: Literally, the kitchen utensil used to cook waffles.
Speaker 2: Now, Nike's announced that it's expecting quarterly sales to drop
Speaker 2: by ten percent, which is actually a lot worse than
Speaker 2: the three point two percent drop investors were expecting.
Speaker 1: And with this bad news, Nike stock saw its worst
Speaker 1: day ever last.
Speaker 2: Week yep, Nike's share price drop over twenty percent and
Speaker 2: it lost over twenty eight billion US dollars from its
Speaker 2: market cap.
Speaker 1: And now, Nike says its weak performance is partly because
Speaker 1: of slow economic activity worldwide.
Speaker 2: But with its competitors outperforming, it looks like Nike's become
Speaker 2: a bit too tactical with its short term decision.
Speaker 1: So what is the key learning here?
Speaker 2: If you get too caught up in the small things
Speaker 2: in the present, you can lose sight of the future.
Speaker 1: Seebe Man. Nike's been focused on cutting its costs to
Speaker 1: manage the economic downturn.
Speaker 2: In fact, it launched a plan to cut two billion
Speaker 2: dollars over the next three years and over fifteen hundred
Speaker 2: jobs to reduce its costs too. But while Nike was
Speaker 2: focusing on these cost cutting initiatives, its competitors were cooking
Speaker 2: up new in avative sexy designs.
Speaker 1: Think Assex, New Balance, and the latest trendsetters On.
Speaker 2: And Hooker, which meant Nike's market chair dropped from thirty
Speaker 2: five point four percent in twenty twenty one to under
Speaker 2: thirty five percent in twenty twenty three, and its competitors.
Speaker 1: Market share has jumped fifteen percent in just the last
Speaker 1: three years.
Speaker 2: Yep, they took advantage of Nike releasing fuel designs and
Speaker 2: are giving them a run for their money.
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Speaker 1: we'll see you on Friday.