Blogotariat

This is Senator Dave Sharma’s maiden speech to the Senate.

Sharma, a Liberal, assumed his NSW Senate position on November 30, 2023. He filled a casual vacancy created by the departure of Senator Marise Payne. At her retirement, Payne was the longest-serving female senator, having held her seat for 26 years, 5 months and 21 days since 1997.

Previously, as the member for Wentworth (2019-2022), Sharma delivered a first speech to the House of Representatives.

The Reserve Bank has left the cash rate unchanged at 4.35%, in a decision announced today.

The cash rate has now been held at 4.35% for the past four months.

In a statement released today, the RBA board says that inflation has moderated but is still high. It says the “outlook is highly uncertain”.

• Interest Rate Movements Since 1990

Watch RBA Governor Michele Bullock’s press conference (39m):

The commercial future of AI will soon be bigger than the actions of any firm, individual, research team, or open-source community. In the near term, a massive tailwind of potential use cases and nearly completed projects will determine the rate of progress in creating value for users and suppliers. Still, the source of the next frontier commercial breakthrough and the distribution of profits look undetermined and, for reasons to be explained, underdetermined.