The circa $10 billion Brisbane fundie says market risks are leaning towards the downside as it looks for value the rest of the market has missed.
Telstra
ASX:TLS
Australia's biggest telco denies AI had anything to do with today's announcement of 2,800 job cuts. Instead, they point to a more worrying challenge facing the telco sector.
In 2022 TPG said it wouldn't be interested in working with Optus on an infrastructure sharing agreement just like the one the pair announced today.
Telstra is about halfway through transitioning its entire business around artificial intelligence, product and technology group executive Kim Krogh Andersen told Capital Brief.
5G technology has not had as big an impact on the telco industry as its predecessors 3G and 4G. But this could be about to change.
Artificial intelligence is booming, and Australia's biggest companies want you to know they're in on it.
"If we can work with TPG, that would be great," Kelly Bayer Rosmarin said.
