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AI 'tsunami' is coming for white-collar jobs, top PE software investor Andrew Gray warns

Australian Financial Review

ENRICHED

Details

Date Published
3 Mar 2026
Priority Score
2
Australian
Yes
Created
5 Mar 2026, 12:00 am

Authors (1)

Description

Andrew Gray is betting on a world where software development costs hit zero. And, he says, that’s just the tip of the iceberg of the AI revolution.

Summary

Andrew Gray, a prominent Australian software investor, predicts a significant disruption to white-collar jobs due to advancements in AI, likening the impending change to a 'tsunami'. His firm, Potentia Capital, is investing in a future where software development costs approach zero, indicating a broader AI revolution. While the article focuses on the economic impact, it highlights the rapid evolution of AI capabilities and the potential for widespread automation, which has implications for future workforce planning and economic policy.

Body

CompaniesChanticleerPrint articleMar 3, 2026 – 7.10pmAndrew Gray is one of Australia’s top software investors.His Potentia Capital, a Sydney-based private-equity firm onto its third fund, has more than half a dozen software businesses chock-full of developers and selling everything from childcare communication tools to HR and labour management software, e-signing, payments, and construction tendering and procurement.Loading...Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.comSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreChanticleerOpinionSoftwareAIPrivate equityMergers & acquisitionsCapital raisingAustralian economyFetching latest articles