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🗞️ Cashing in
We have already seen various winners and losers in the global race to adopt AI.
Pick & Scroll News
September 03, 2025
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Good morning. We have already seen various winners and losers in the global race to adopt AI. Yet one unlikely winner has already cashed in: Anguilla.
The tiny Caribbean nation happens to own the internet domain extension .ai (think Australia’s .au). With the explosion of AI start-ups snapping up those domains, Anguilla earned $39 million USD last year, making up nearly 23% of its total government revenue.
Easily one of the most profitable AI strategies we've seen so far.
All the headlines and more below...
AUSTRALIAN NEWS
AI-generated abuse targeted in overhauled safety laws
Australian laws against AI-generated explicit content are strengthening as deepfake abuse increases. LINK
Australian wine grape grower numbers have fallen 13% since 2018 whilst total vineyard acreage increased slightly during that period. LINK
Services Australia has warned the public about scam websites falsely claiming upcoming Centrelink payments. LINK
Australia's agriculture exports have surged to a record $19.2B, with cereals and grains exports increasing by 22.6% and meat exports jumping 7% over the June quarter. LINK
Australia's financial sector is investing $3.6B in AI this year. LINK
Australia and Germany will launch a €400M green hydrogen investment program in 2026 to boost clean energy exports. LINK
Consumer spending will replace government expenditure as Australia's primary growth driver while interest rates fall. LINK
Australian apple growers have gained fumigation-free export access to Canada after lengthy negotiations. LINK
COMPANY NEWS
Reddit therapy sessions: The big four bank where staff fear the axe
ANZ plans to cut between 200 and 5,000 jobs as its CEO prepares to unveil a restructuring strategy within 6 weeks. LINK
Westpac will hire 350 business bankers by 2027 as its market share increased to 16.1% in July 2025. LINK
Amazon has committed NZ$7.5B to establish data centres in New Zealand whilst launching its cloud services. LINK
Collins Foods has reported a 6.7% rise in FY26 sales driven by KFC growth in Australia, Germany and the Netherlands. LINK
The Federal Government is pressing Westpac to support prefabricated home loans amid housing shortages. LINK
Dexus reports QLD construction sites are achieving only 2.5 effective workdays per week due to union-backed rosters. LINK
Dollarama plans to rebrand all Reject Shop outlets and expand to 700 stores by 2034. LINK
Revolut has paid a $187,000 AUSTRAC fine for delayed international money transfer reporting. LINK
Optus faces scrutiny after ignoring internal fraud warnings whilst pursuing vulnerable customers for unpaid debts. LINK
CHART OF THE DAY
AI can boost R&D throughput by accelerating design generation, research operations and design evaluation
ONE MORE SCROLL
Editor’s Pick: This new supersonic jet can fly from NYC to Paris in under 4 hours.
Draft Pick: Olympian set to fight gender test bombshell.
Odd Pick: A Justin Bieber impersonator fooled staff and successfully demanded to perform.
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TRIVIA
Our puzzle today comes from puzzleaday.wordpress.com:
Alice is judging a singing competition. After a singer finishes their performance, she announces aloud their whole-number score out of ten.
The first singer finishes their performance and Alice announces, “I give you a nine”.
The second singer finishes their performance and Alice announces “I give you a five”.
The third singer walks up on stage. They sing for two minutes then pause. Alice then mistakenly begins to announce their score but gets cut off by the singer, “Wait, I haven’t finished yet!”
Alice then responds, “It’s okay, I didn’t announce your score. I stopped just before saying the number”.
The third singer retorts, “You didn’t say the number or any part of the number but I know what score you were going to give me”.
What score out of ten was Alice about to give the third singer?
Answer below
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ANSWER
Alice was going to give the third singer an eight.
The singer could only know this if Alice said “I give you an…”. The word ‘an’ only precedes the number eight (for all the whole numbers between 0 and 10) because it’s the only one of these numbers that begins with a vowel.
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