Fuel prices under threat, jobs transforming — and a new tax break for Australians

Microsoft this week announced a $25 billion investment in data centres and AI infrastructure, alongside plans to help train three million Australians in AI skills by 2028.That follows a similar $20 billion commitment from Amazon earlier this year.New data suggests younger Australians are increasingly relying on online sources for financial information including AI tools, social media and so-called 'finfluencers'.Financial regulator the Australian Securities and Investment Commission said around 64 per cent of Gen Z it surveyed said they trust financial information from AI platforms, while more than half look to social media or influencers.Regulators are concerned that not all of these sources are reliable or qualified to give advice, and have stepped up enforcement in response.For consumers, it's a reminder to be cautious about where financial information comes from especially when it involves investment decisions or major life choices.That's this week’s On the Money wrap Prefer to listen? The On the Money podcast breaks down the latest every weekday