Saturday Series

Enshittification, AI and 6,000 jobs.

The RBA governor's speech on AI raised a war of technology between the buy and sell side, while large caps cut thousands of jobs in the name of AI efficiency. I read those cuts very differently.

Ben Williamson

26 February 2026 · 2 min read

"Enshittification" is not a word that comes up too often, but this week it featured on the front page of the AFR.

The Reserve Bank governor Michele Bullock gave a speech on Wednesday night in Melbourne talking about the role of AI, with two interesting threads pulled out.

Firstly, the use of AI by both sell and buy side in a war of technology:

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