Good morning. Here's what happened overnight and what you need to know today.
1.
Roadblock bosses: EY global vice chair for assurance Marie-Laure Delarue raised her concerns about those driving AI adoption in corporate Australia to Capital Brief, arguing that entry-level employees are in some cases more eager for AI adoption than executives, boards and leaders. In the future, she said teams would be made up of humans and AI, and team leaders would need to learn skills in developing not only their staff but also their AI agents. A recent EY report found only 32% of Australian workers rated their AI proficiency as 'high' and 35% had received formal training. It said many workers felt "uncertain, unsupported, or even restricted from using AI at work" and warned this "is not just a skills gap, it's a culture gap". Delarue said the corporate world must develop a technology adoption muscle if they want to stay competitive. (Capital Brief)
2.
Stream line: Former prime minister Malcolm Turnbull urged the Albanese government to hold firm on its controversial streaming quotas to head off mounting backlash and possible retaliation from the US. In response to questions from Capital Brief, Turnbull acknowledged the government’s proposed streaming regulation may expose Australia to US retaliation. However, he said the risk is mitigated “if not entirely eliminated” by Australia “standing its ground” on the policy. “Trump is a bully and makes no bones about it. So if you show weakness he will push harder. The right approach to take is just to say: sorry, we can’t help you here,” Turnbull said. The former PM said he took that approach when Obama was trying to pressure Australia over regulation of biologics in the Trans-Pacific Partnership negotiations. The government’s streaming quotas passed the Senate on Thursday evening, after Labor struck a deal with the Greens to secure the party’s support of the legislation. (Capital Brief)
