Chalmers pushes AI; ASX surges to record; ASX mix-up sends telco tumbling

Thursday 7 August 2025

Today, federal Treasurer Jim Chalmers calls on Australians to welcome AI as an enabler, not a disrupter, in the economy. 

And more, including:

• The ASX hits an all time high. 
• Telco TPG’s share price tumbles after the stock exchange mixes up its name with an American PE group. 
• An Australian music legend dies
• Warren Buffet’s Berkshire Hathaway is going backwards as investors fear the retirement of the world’s greatest investor.

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