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WiseTech Global Share Price Sinks as AFP Probes Richard White; Anthony Albanese is “Peddling BS” on Housing, says Tim Wilson; Investor Jeremy Grantham Nails the AI Boom’s Big Lie

Australian Financial Review

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Read everything that’s happened in the news so far today.

Summary

Jeremy Grantham offers a critical analysis of the current artificial intelligence trend, characterizing the rapid valuation increases as a speculative bubble rather than a sustainable shift. The discussion centers on the disconnect between market enthusiasm and the actualized productivity yields of frontier AI models. While the article highlights economic risks, it provides limited technical analysis regarding existential or catastrophic AI safety frameworks. Its primary relevance lies in the intersection of Australian financial stability and the global governance of AI-driven market volatility.

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MarketsEquity MarketsThe BriefPrint articleJun 22, 2026 – 12.08pmWant to get this in your inbox at lunchtime every weekday? Financial Review subscribers can sign up for The Brief newsletter here. Plus start your day with our Before the Bell newsletter and read a full wrap of the day’s news in Market Wrap.In today’s news, WiseTech’s share price sinks as police investigate Richard White, Tim Wilson says Anthony Albanese is “peddling BS” on housing policy, and a legendary investor nails AI’s big lie.Loading...SaveLog 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 MoreThe BriefSubscriber exclusiveAFR newslettersTim WilsonAnthony AlbaneseSharesAIIranAngus TaylorTrump diplomacyDonald TrumpLebanonUSAFIFA World CupWisetech GlobalRichard WhiteProperty marketFetching latest articles