Meta's Infrastructure Team Needs A Culture Reset
Meta's AI team has the technical scaffolding to compete with Anthropic and OpenAI but is hamstrung by internal culture, which means capability means nothing if the org can't move at the speed required. ( 2026-07-22) https://newsletter.semianalysis.com/p/metas-infrastructure-team-needs-a
- 02MSM dies
Nine Entertainment is cutting 30 journalists across The Sydney Morning Herald and The Age, a move that formalizes what's been happening for a decade, the slow abandonment of the local newsroom as a business model. ( 2026-07-22) https://www.macrobusiness.com.au/2026/07/msm-dies/
- 03News Corp Countersues Search Engine Brave for AI Copyright Infringement
News Corp is suing Brave for scraping its content to train AI, which means the copyright wars are now just the legacy media wars with a generative veneer, and Murdoch gets to fight them from both sides. ([The Wrap](), 2026-07-22) https://www.thewrap.com/industry-news/public-policy-legal/news-corp-countersues-search-engine-brave-al-copyright-infringement/
- 04Mortgage commitments plunge after negative gearing and CGT changes
Australian mortgage commitments cratered in the June quarter after the government tightened negative gearing and capital gains tax rules, signaling that policy can still move the needle on real estate when it needs to. ( 2026-07-22) https://www.macrobusiness.com.au/2026/07/mortgage-commitments-plunge-after-negative-gearing-and-cgt-changes/
- 05Australia's shallowing economy drives collapse in living standards
Australia's productivity is cratering, which means real wages are flatlining even as the economy keeps technically growing, the clearest signal yet that growth without velocity is just a slow deflation wearing a macro costume. ( 2026-07-22) https://www.macrobusiness.com.au/2026/07/australias-shallowing-economy-drives-collapse-in-living-standards/





















