#52 Jason Coggins | The AI & Energy War, Semiconductors, Private Credit & Geopolitical Shifts

About this episode

Jason Coggins joins Murdoch Gatti to discuss the structural forces reshaping markets and technology in 2026.

Insights Series — Jason Coggins joins Murdoch Gatti to unpack the structural forces reshaping markets, technology and capital allocation in 2026. In this episode of The Rate of Change , they explore how AI, geopolitics, energy systems and global capital flows are changing the investment landscape — from the U.S.–China race for semiconductors, Energy, resources and AI dominance, to the structural risks emerging across private credit, productivity and legacy business models. Topics discussed: • How AI could compress business creation from years into months • Why the U.S.–China geopolitical battle for chips, energy and AI dominance may define the next decade • Whether legacy SaaS, consulting and private equity models are more vulnerable than markets realise • Why Australia’s productivity, energy grid and policy settings are becoming structural economic problems • The key differences between Australian and U.S. private credit markets — and where the real risks sit • Why semiconductors, data centres and energy infrastructure are becoming critical geopolitical assets • Whether markets can continue pushing higher despite inflation, war and geopolitical uncertainty • Why Asia, Taiwan…

People in this episode

Host: Murdoch Gatti

Guest: Jason Coggins

Topics covered

• AI and business creation
• U.S.-China geopolitical battle
• private credit markets
• energy systems
• global capital flows
• macroeconomics
• long-term structural shifts

Keywords

• AI
• geopolitics
• semiconductors
• private credit
• energy
• investment landscape
• productivity
• legacy business models
• global growth

Mentioned in this episode

Organizations: U.S., China

Products: semiconductors, data centres, energy infrastructure

Places: Australia, Taiwan, Korea, India, frontier markets

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