Latest / What the Flux / TPG's content-play to take on Telstra | YouTube's worried about AI-generated content | Nike's fails to 'do it' for investors

Transcript

TPG's content-play to take on Telstra | YouTube's worried about AI-generated content | Nike's fails to 'do it' for investors · What the Flux

• 0:05
  Speaker 1: This is what the flux I'm Brettman justin ad. It's Wednesday,
• 0:08
  Speaker 1: the third of July.
• 0:09
  Speaker 2: Boy A and Z Bank is into the sin bit
• 0:11
  Speaker 2: at the Banking Code Compliance Committee.
• 0:13
  Speaker 1: Get this one.
• 0:14
  Speaker 2: A and Z was charging fees to deceased estates between
• 0:17
  Speaker 2: twenty nineteen and twenty twenty four. The good news, and
• 0:20
  Speaker 2: they failed to stop or refund the fees as well.
• 0:23
  Speaker 2: In total, it will now pay back three point three
• 0:25
  Speaker 2: million dollars to over eighteen thousand impacted.
• 0:28
  Speaker 1: Is states not the news you want associated with self
• 0:30
  Speaker 1: be man Neil now fluxdam. As the new financial years
• 0:33
  Speaker 1: rolled around, it's time for new financial you and because
• 0:36
  Speaker 1: of the success at our fifty percent deal for blucks bro,
• 0:38
  Speaker 1: we have extended it for one more week. That means
• 0:41
  Speaker 1: this week you can invest in your financial future at
• 0:43
  Speaker 1: fifty percent off the regular price. To make sure to
• 0:46
  Speaker 1: hit the link in the show notes to access this deal.
• 0:48
  Speaker 2: Three riveting stories today Juzzy Boy for our first Ossie
• 0:52
  Speaker 2: Telco TPG is setting up a new battle against Telstra
• 0:55
  Speaker 2: after partnering with Fox Sales new streaming aggregation platform Hubble.
• 0:59
  Speaker 1: This is juicy, particularly because Telstree is a part owner
• 1:01
  Speaker 1: in foxdaleb Man, So tell me more, so, Juzyboy.
• 1:04
  Speaker 2: TPG is the telco brand that merged with the Votaphone
• 1:07
  Speaker 2: in twenty twenty in a fifteen billion dollar merger. TPG
• 1:10
  Speaker 2: had the networks and the broadband, Votophone had the brand
• 1:12
  Speaker 2: and the millions of mobile customers. And this marriage has
• 1:15
  Speaker 2: meant the new TPG has become the third largest telco
• 1:18
  Speaker 2: network in Australia behind Telstra and Optus. And since the merger,
• 1:21
  Speaker 2: TPG has kind of stayed in its own lane, nothing
• 1:23
  Speaker 2: too radical.
• 1:24
  Speaker 1: But now TPG's announced a new content play for the
• 1:27
  Speaker 1: very first time.
• 1:28
  Speaker 2: Yeap is just announced a partnership with Hubble, the streaming
• 1:30
  Speaker 2: aggregation platform.
• 1:31
  Speaker 1: Yes, the platform that Haymish and Andy have been walking around
• 1:34
  Speaker 1: as human billboards for now.
• 1:35
  Speaker 2: The idea of Hubble is to give consumers one single
• 1:38
  Speaker 2: interface to view different streaming.
• 1:40
  Speaker 1: Apps, meaning you can search for bridget In's Netflix or
• 1:43
  Speaker 1: Yellowstone on Stand on the same platform and Jessie Boyd.
• 1:46
  Speaker 2: This is all part of TPG's plan to keep its
• 1:48
  Speaker 2: customers sticky.
• 1:50
  Speaker 1: So what is the key learning here?
• 1:51
  Speaker 2: When your business has become so dun commodified, you need
• 1:55
  Speaker 2: to show value in new ways.
• 1:56
  Speaker 1: Let's face it, b Man, the only differentiator is in
• 1:58
  Speaker 1: the mobile networks network range and price.
• 2:02
  Speaker 2: And TPG slash Votaphone isn't the leader in either of
• 2:05
  Speaker 2: these categories.
• 2:06
  Speaker 1: So something else has got to give in order for
• 2:08
  Speaker 1: them to retain customers. You see, juzzy boy.
• 2:10
  Speaker 2: Even the big dogs of Telstra and Optis have invested
• 2:13
  Speaker 2: billions of dollars buying content like.
• 2:15
  Speaker 1: Optis buying the sport broadcast rights to the English Premier
• 2:18
  Speaker 1: League for six hundred mil.
• 2:19
  Speaker 2: Or Telstra partner with the AFL, or streaming platforms like Fetch.
• 2:23
  Speaker 1: But so far, be Man. TPG has chosen to focus
• 2:26
  Speaker 1: on being a pure play mobile operator.
• 2:29
  Speaker 2: But with not much of a differentiation, TPG is hoping
• 2:32
  Speaker 2: its new partnership with Hubble might keep its customers as
• 2:35
  Speaker 2: loyal as Hamish and Andy to Hubble ads.
• 2:37
  Speaker 1: For our second story, YouTube has rolled out a new
• 2:40
  Speaker 1: policy that will our users to request taking down a
• 2:43
  Speaker 1: high generated content it simulates their face or voice.
• 2:47
  Speaker 2: Wow, you got to imagine this is just the beginning
• 2:49
  Speaker 2: of this type of stuff, juzzy boy, tell me more.
• 2:50
  Speaker 1: Okay, so we know YouTube, the video on demand platform
• 2:53
  Speaker 1: that launched back in two thousand and five, they video
• 2:55
  Speaker 1: titled me at the Zoo. Now a bit has happened
• 2:58
  Speaker 1: since then.
• 2:58
  Speaker 2: It was acquired by Google in two two thousand and
• 3:00
  Speaker 2: six for one point six y five billion US dollars.
• 3:02
  Speaker 1: It's also become the platform where millions of content creators
• 3:05
  Speaker 1: have made it full time salary.
• 3:07
  Speaker 2: In fact, there are around fourteen billion videos on YouTube. Yes,
• 3:10
  Speaker 2: that's more than one and a half videos for every
• 3:13
  Speaker 2: person on this planet.
• 3:14
  Speaker 1: But be man. With so many videos online, there's also
• 3:16
  Speaker 1: an intense amount of monitoring that YouTube needs to do
• 3:19
  Speaker 1: and judge.
• 3:20
  Speaker 2: Boy, Since the newish emergence of AI generated content, there
• 3:23
  Speaker 2: are even more reasons for monitoring.
• 3:25
  Speaker 1: Now YouTube's rolled out of policy for people to lodge
• 3:28
  Speaker 1: privacy violations. If there's AI generated content that's been uploaded
• 3:32
  Speaker 1: that simulates their face or voice, like.
• 3:34
  Speaker 2: A video of Joe Biden Donald Trump engaging in some
• 3:36
  Speaker 2: criminal activity like a golf match, that be man submitting
• 3:39
  Speaker 2: the request for a takedown. It doesn't necessarily mean the
• 3:42
  Speaker 2: content will be removed. YouTube will be the judge of
• 3:44
  Speaker 2: that one.
• 3:45
  Speaker 1: But this particularly concerning on all tech platforms this year
• 3:48
  Speaker 1: because AI generated endorsements could potentially swing elections. Oh big
• 3:52
  Speaker 1: call for you, juzzy boy, So what's the key learning here?
• 3:54
  Speaker 1: In the digital age? Finding trustworthy sources has become harder
• 3:58
  Speaker 1: and harder to.
• 3:58
  Speaker 2: Fine and every developer can build AI generated content that
• 4:02
  Speaker 2: looks real to the naked eye and be man.
• 4:04
  Speaker 1: This industry is just getting started.
• 4:06
  Speaker 2: The global AI video generator market size was estimated at
• 4:09
  Speaker 2: five hundred and fifty five million US dollars in twenty
• 4:12
  Speaker 2: twenty three, but it's expected to grow at nearly twenty
• 4:14
  Speaker 2: percent over the next six years, according to Grandview Research
• 4:17
  Speaker 2: and Jazi Boyd. This means that tech companies that host
• 4:20
  Speaker 2: this content have a huge obligation to ensure that content
• 4:23
  Speaker 2: on their site is authentic.
• 4:24
  Speaker 1: Metters started throwing in labels made with AI to highlight
• 4:27
  Speaker 1: to its users that the image or video isn't real,
• 4:30
  Speaker 1: and TikTok will also flag users who upload AI generated content.
• 4:34
  Speaker 1: But be man, I've got a feeling this is just
• 4:36
  Speaker 1: the beginning of this long, long conversation.
• 4:38
  Speaker 2: For our third and final story, Nike's share price dropped
• 4:42
  Speaker 2: close to twenty percent after it announced that it's expecting
• 4:45
  Speaker 2: quarterly sales to drop ten percent.
• 4:47
  Speaker 1: In vessus. Sure, I'm giving those numbers of tick, So
• 4:50
  Speaker 1: what is going on here. Well.
• 4:51
  Speaker 2: Nike is the world's biggest sportswear brand, with a market
• 4:54
  Speaker 2: cap of over one hundred and forty four billion US dollars.
• 4:57
  Speaker 1: It's known for sneakers like the Air Force one and
• 4:59
  Speaker 1: the Airge which does what.
• 5:00
  Speaker 2: Nike's origin story has humble beginnings, with the very first
• 5:03
  Speaker 2: pair being made using a waffle iron, yes.
• 5:06
  Speaker 1: Literally, the kitchen utensil used to cook waffles.
• 5:08
  Speaker 2: Now, Nike's announced that it's expecting quarterly sales to drop
• 5:12
  Speaker 2: by ten percent, which is actually a lot worse than
• 5:14
  Speaker 2: the three point two percent drop investors were expecting.
• 5:16
  Speaker 1: And with this bad news, Nike stock saw its worst
• 5:19
  Speaker 1: day ever last.
• 5:20
  Speaker 2: Week yep, Nike's share price drop over twenty percent and
• 5:23
  Speaker 2: it lost over twenty eight billion US dollars from its
• 5:25
  Speaker 2: market cap.
• 5:26
  Speaker 1: And now, Nike says its weak performance is partly because
• 5:29
  Speaker 1: of slow economic activity worldwide.
• 5:31
  Speaker 2: But with its competitors outperforming, it looks like Nike's become
• 5:34
  Speaker 2: a bit too tactical with its short term decision.
• 5:37
  Speaker 1: So what is the key learning here?
• 5:38
  Speaker 2: If you get too caught up in the small things
• 5:41
  Speaker 2: in the present, you can lose sight of the future.
• 5:43
  Speaker 1: Seebe Man. Nike's been focused on cutting its costs to
• 5:46
  Speaker 1: manage the economic downturn.
• 5:47
  Speaker 2: In fact, it launched a plan to cut two billion
• 5:50
  Speaker 2: dollars over the next three years and over fifteen hundred
• 5:53
  Speaker 2: jobs to reduce its costs too. But while Nike was
• 5:56
  Speaker 2: focusing on these cost cutting initiatives, its competitors were cooking
• 5:59
  Speaker 2: up new in avative sexy designs.
• 6:01
  Speaker 1: Think Assex, New Balance, and the latest trendsetters On.
• 6:05
  Speaker 2: And Hooker, which meant Nike's market chair dropped from thirty
• 6:08
  Speaker 2: five point four percent in twenty twenty one to under
• 6:10
  Speaker 2: thirty five percent in twenty twenty three, and its competitors.
• 6:13
  Speaker 1: Market share has jumped fifteen percent in just the last
• 6:15
  Speaker 1: three years.
• 6:16
  Speaker 2: Yep, they took advantage of Nike releasing fuel designs and
• 6:18
  Speaker 2: are giving them a run for their money.
• 6:21
  Speaker 1: Flexam, you're listening to this pod, it probably means you
• 6:23
  Speaker 1: love a bargain just as much as we do. And
• 6:25
  Speaker 1: we have one of the great bargains right now fifty
• 6:28
  Speaker 1: percent off for Flux Pro that it's just for the
• 6:30
  Speaker 1: next five days. To make sure to hit the link
• 6:32
  Speaker 1: in the show notes to access the limits of times
• 6:34
  Speaker 1: deal too good to be true. Thanks for listening and
• 6:36
  Speaker 1: we'll see you on Friday.