The SME Stream

We ask Labour’s leader for some policy as we’re now less than six months away from the Nov 7 General Election. Plus, does he support Winston over National Super and buying the BNZ?

See omnystudio.com/listener for privacy information.

New Zealand saw a 6% spending increase in retail last quarter with the South Island overtaking the North, likely due to farming and tourism. 

Retail NZ CEO Carolyn Young told Heather du Plessis-Allan that a jump in pharmaceutical spending can be attributed to the increasing popularity of GLP-1 drugs like Wegovy. 

"There's certainly high volume of those drugs now being sold, and they're really expensive on a monthly basis. So that just keeps going up and up and up," she said. 

LISTEN ABOVE 

See omnystudio.com/listener for privacy information.

RBNZ survey shows NZ firms expect more inflation sooner and lasting for longer, plus Musk's Mars colony payday plan. 

See omnystudio.com/listener for privacy information.

As business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina O'Keeffe each week as she gives you a rundown of the biggest stories that could impact your business, so you can make informed decisions with expert advice. 

This week, household spending takes a hit, what’s behind our population growth, and why the tourism sector is feeling quietly confident … plus if you’re afraid of failure this one's for you. 

See omnystudio.com/listener for privacy information.

Artificial intelligence is no longer confined to the data centres of Silicon Valley or the cloud regions dotted around the world. 

It is heading into orbit, hitching a ride on satellites and space stations in a way that could transform defence, climate monitoring, disaster response – and the balance of power itself. Starcloud, Google's Project Suncatcher, SpaceX V3 Starlink satellites, and Axiom Space represent the first wave of the orbital AI race.

When SpaceX undertakes its initial public offering (IPO), as early as next month, its valuation will depend to a large extent on how much credibility its plans to put data centres in space are deemed to be. In space, solar panels can supply constant energy to power the chips running high-capacity AI workloads. But that's only part of the reason why tech companies are scrambling to put data centres in space...

This week on The Business of Tech, I talk to Wellington‑based enterprise architect and AI governance specialist Andreas Hamberger, whose new book Space Mafia explores how quickly “orbital AI” is moving from sci‑fi to infrastructure. 

Drawing on three decades in enterprise tech and a deep background in logic and ethics, Andreas argues that putting high‑capacity AI into space opens up an accountability gap that our laws – and our institutions – are nowhere near ready for.

Heaven or Skynet?

On the upside, orbital AI promises what Hamberger terms a “heaven vector” where satellites analyse live sensor data to spot tsunamis in the Pacific, track major polluters in real time, and give us a planetary‑scale view of climate risk. Done well, it could become an engine of equity, giving every country access to insights that used to belong only to superpowers.

But there’s a darker “Skynet vector”. Space is, in practice, a legal grey zone. When companies start training models and running inference beyond the reach of terrestrial copyright, privacy and weapons laws, who are they accountable to? In Space Mafia, Andreas shows how orbit could become the ultimate jurisdictional escape hatch, a place to crunch stolen data, generate “kill lists”, or run ethically dubious experiments with almost no legal friction.

In our conversation, we dig into four real‑world case studies, from data‑centre constellations through to human‑genome work and defence systems that blend orbital AI with hypersonic weapons. Andreas explains why small countries like New Zealand, one of a handful that has space launch capability thanks to Rocket Lab, are unexpectedly central to this story, how new regulations here and in Europe might bite, and what boards, architects and founders should be doing now to close the accountability gap before it’s too late.

Listen to my full conversation with Andreas Hamberger in episode 150 of The Business of Tech, streaming on iHeartRadio, Spotify, Apple, or wherever you get your podcasts.

Show notes

Space Mafia: The Battle Between an Accountable "Heaven" and an Unfettered "Skynet" in Orbital AI 

Space Mafia - the documentary - Andreas Hamberger

SpaceX and Google Are in Talks to Launch Data Centres in Orbit - Wall Street Journal

Data Centres in Space: A Pipe Dream, or AI’s Next Big Thing? - Wall Street Journal

See omnystudio.com/listener for privacy information.

If you have ever wondered whether it is too late to start something new, this episode is for you. I sat down with New Zealand radio icon Jay-Jay Feeney, who after 35 years on air walked away to co-found PodLab and launch her own podcast. Jay-Jay gets real about burnout, mental health, building a business with your ex-husband, dealing with haters, and why change is never something to be afraid of.

This one is full of gold for anyone who has been sitting on a big idea and just needs permission to go for it.

Ready to start building? Join my Business Masterclass today ⬇️

👉🏼 https://www.makeithappen.org.nz/
📲 Socials: https://www.instagram.com/makeithappen

See omnystudio.com/listener for privacy information.

Grant Baker is one of the country’s best success stories. 

The Kiwi serial entrepreneur has had his hand in a number of pies but is best known for two companies – 42 Below and Turners.  

It’s a career that’s spanned decades, and that’s before you get to his philanthropic efforts and work in co-founding the Gut Cancer Foundation in 2008. 

He’s unravelling his career in his new book ‘No Pit Stops: The Business Of Going All In’, sharing stories of successes, setbacks, and lessons he’s learned.  

While Baker has always had a bit of entrepreneurial spirit, it wasn’t until he was in his thirties that things really kicked off. 

“My wife and I invested in property and those sorts of things, y’know, traditional Kiwi way, but we never got much traction,” he told Mike Hosking  

Baker's true journey began with an offer from Eric Watson to join him in building a “$100 million company” in the Blue Star Group. 

“When he laid out the opportunity, I just thought, well I’ve got to do something, I was in my mid-thirties at the time and thought if I don’t pull the trigger now, I never will.”  

And the rest, as they say, is history. 

LISTEN ABOVE 

See omnystudio.com/listener for privacy information.

We discuss a buoyant rural market with the General Manager, Livestock & Real Estate for PGG Wrightson.

See omnystudio.com/listener for privacy information.

Nvidia, the world's largest listed company and a critical bellwether on the health of the AI sector, posted record first-quarter earnings on Thursday of more than $136 billion.

That's up 85 percent on a year ago, with forecasts for the next quarter of over $153 billion.

Sam Dickie from Fisher Funds explained further.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

Why are we hooked on negative news? Luke Kemeys of Keep the Change joins us to dissect the media "doom loop" and how the algorithmic bias towards negativity impacts money decisions. 

We discuss the psychological impact of hitting your first $100,000 milestone and why compounding returns feel completely different after you cross that barrier. Luke explains how he’d reverse-engineer a 25-year financial plan, how to overcome action paralysis, and whether the goals of the FIRE movement are really attainable—or desirable.

We also discuss the gap between Kiwi business and the wider Asia-Pacific region when it comes to adopting technology — and how a new generation is acquiring business from retiring baby boomers and using digital upgrades to rapidly increase profitability.

For more or to watch on YouTube—check out http://linktr.ee/sharedlunch

Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website.

Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.

Sharesies Wills are a simple online will product that has been co-designed with legal experts to meet New Zealand legal requirements. However, Sharesies is not a law firm and does not provide legal advice. This service is a "do-it-yourself" tool for straightforward estates. See our website for full terms and conditions.

Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.

See omnystudio.com/listener for privacy information.