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🗞️ Man camps
As the demand for AI surges, so does the demand for the data centres that power it.
Pick & Scroll News
March 09, 2026
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Good morning. As the demand for AI surges, so does the demand for the data centres that power it.
In the US, companies are now constructing 'man camps' to attract the specialised talent needed to build these facilities. According to a Bloomberg report, they come packed with perks like free steak dinners, game rooms and golf simulators.
That's some high-steak bargaining chips (couldn't help ourselves).
All the headlines and more below...
AUSTRALIAN NEWS
Petrol retailers are crisis profiteering
Petrol prices in Australia have surged amidst geopolitical tensions as the NRMA and ACCC monitor unjustified hikes and potential price gouging by fuel retailers. LINK
The Australian Treasury is contemplating reforms to limit negative gearing to 2 properties per landlord, potentially affecting 13.8% of investment property interests. LINK
A surge in Greek yoghurt demand has led to Australian shortages, driven by health trends and viral recipes despite expert opinions on its necessity. LINK
Australian retailers using generative chatbots could face legal challenges under consumer law, as AI misinformation is the companies' responsibility. LINK
Many young Australian workers lack proper workplace safety training. LINK
Despite Middle Eastern travel disruptions, Melbourne’s Grand Prix hotel bookings remain stable. LINK
Australia is considering military aid for Gulf nations against Iranian threats, aligning with global tensions from the US-Israeli conflict with Tehran. LINK
Superannuation strategy optimisation could potentially add over $1.5M to retirement balances for Australians. LINK
P*rnography websites blocked Australian users as age verification laws require proof of being over 18, with penalties imposed for non-compliance. LINK
A construction cost surge limits new office supply in Sydney and Melbourne, boosting existing landlords' negotiation leverage. LINK
COMPANY NEWS
Meta and YouTube defend themselves in landmark trial
Meta and YouTube are defending against addiction allegations in a trial that could affect digital product design and regulation. LINK
Magellan and Barrenjoey's $1.6B merger seeks synergies in wealth management, backed by incentives amidst mixed investor reactions. LINK
Coles faced allegations from Victoria's labour hire regulator over exploiting security guards under its $50M-a-year contract with failed firm MA Services amidst broader scrutiny of its corporate practices and ongoing legal battles. LINK
Atlassian is currently entangled in a legal case with a former engineer challenging the company's employment practices. LINK
CSL faced an 18% drop in shares after a poor earnings report, with an unexpected CEO resignation. LINK
Apple's new product launches and Samsung's phone release have affected pricing due to component shortages. LINK
Barrenjoey employees may profit as Magellan's shares rise post-merger influenced by the Lowy family's investment. LINK
ONE MORE SCROLL
Editor’s Pick: 8 nutrition mistakes hurting your gut microbiome.
Draft Pick: F1 Australian Grand Prix: Oscar Piastri crashes out before race, George Russell wins for Mercedes.
Odd Pick: Is microwave cooking nuking all the nutrients?
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TRIVIA
We start the week off with 5 True or False questions:
Gold was created in the cores of stars like our Sun.
Sharks are mammals because they give birth to live young.
The Great Wall of China is visible from the Moon with the naked eye.
Cleopatra lived closer to the invention of the iPhone than to the building of the Great Pyramid of Giza.
Australia is wider than the Moon.
Answers below
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ANSWERS
1. False - Gold is formed in supernova explosions or neutron star collisions.
2. False - Sharks are fish; they breathe through gills and lack mammary glands.
3. False.
4. True - Giza: ~ 2560 BC. Cleopatra: ~30 BC. iPhone: 2007 AD.
5. True - Australia is ~4,000km wide; the Moon’s diameter is ~3,474km.
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