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Jonathan Shapiro

Jonathan Shapiro

Television writer

Oct 14, 2026

2:08
What were you thinking on Monday morning?
2:10
Fiona, you're absolutely right.
2:12
The newsroom was buzzing.
2:13
We were all kicking into gear.
2:15
We knew this was going to be an enormous week for the Australian capital markets, which meant, by definition, a huge week for the AFR.
2:21
And we really wanted to capture the moment that was this enormous float.
2:25
They were going to build the book and there was going to be this excitement about the second biggest deal ever on the ASX, the second biggest IPO.

14 MINS LATER

17:00
And Johnny, what about from a capital markets perspective?
17:41
Yeah, that's right
17:41
... and that would be very supportive of the property market and the worst was behind us and, you know, good times ahead.
17:47
That hasn't been the case.
17:48
The Reserve Bank's had to raise interest rates.
17:50
Inflation is still a problem.
17:52
Building costs are still going up.
17:54
We're in September, and the prospect of another interest rate rise looks like it's on the cards.

10 MINS LATER

28:00
So Jonny, in conclusion, is this just the start? Are there more Bathlas out there?
3:15
But what becomes of the people who once did that work manually? How have you managed to both automate and protect jobs at the same time?
3:24
So when we looked at introducing this sort of technology, it was one, AR helping us make better decisions on the factory floor.
3:31
And that's where AR really plays a big role.
3:34
And two, to answer your question, The people that were currently doing that job are now doing a very similar type of job, but think of it as humans working with machines, not machines replacing humans.
3:46
So we took a part of the production line, part of the assembly, which is quite time consuming.
3:52
And we looked at how do we put technology in place there with much, much more improved output.
3:59
So think of it as people sitting on a production line, making 50% of the product, handing it over to a machine, machine doing the other 50%, but at four times the speed, and then we have a finished product.
4:52
How much has it cost you? And do you want to sort of try and quantify for us the cost in human training terms versus the cost of the production line and what you think the outcome will be in terms of profit one day?

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