David Kirk interviewed by The Australian on AI
Australian super funds face private credit crisis as US giants block withdrawals
Fund manager David Kirk from Bailador is of the view that the sell-off of these styles of companies – such as Canva rival Figma which has fallen 75 per cent since listing last year – has been overdone.
Kirk has been an early stage investor in technology businesses for 25 years and says the market has forgotten companies are always a complex mix of data, processes, relationships, and compliance requirements, much of which is proprietary.
“It is not available to AI to wipe out,” says Kirk. “Our view, is that a lot of change is going to come from AI. It is going to help businesses be more streamlined and help their profitability. There will be some impacts on employment and in particular areas of the economy, but in the end, it’s going to be a tool that will be helpful for business. (It) will definitely not wipe them out.”
Kirk’s positivity comes from being an IPO investor in Xero and continued investor in SiteMinder.
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