Financial Review Business Summit: Jim Chalmers vows faster gas, mining project approvals

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Treasurer Jim Chalmers tells the AFR Business Summit Labor will look to speed up timeframes for low-risk mergers, but current rules may be too permissive for some deals. Follow updates here.

BlackRock global chief investment strategist Wei Li says the rapid advancement of artificial intelligence demands a new class of specialists, signalling the end of the era of generalist investing.

Li tells the Business Summit that only specialists can understand and value the kind of AI projects that more and more companies are implementing and discussing in their reporting. “I genuinely feel, as we move through the Magnificent Seven as the implementers of the AI theme that the era of generalist investing is over,” she says. “We actually need real specialists to be able to be very discerning.

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