DeepSeek Disruption ‘Welcome’ Says Australia’s Top Pension CEO

AustralianSuper CEO Paul Schroder speaks to Bloomberg TV
Says he welcomes competition, efficiency in tech sector

Paul Schroder, CEO of AustralianSuper, the country’s largest pension fund, discusses his outlook for the fund’s growth. He sees tremendous opportunities in tech and says the US is an incredible place to invest’. He speaks with Haidi Stroud-Watts on “Bloomberg: The Asia Trade”.

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Amy Bainbridge and Haidi Lun

January 27, 2025 at 8:20 PM EST

The emergence of a cheaper artificial-intelligence model that saw hundreds of billions of dollars wiped from Nvidia Corp.’s valuation is a welcome disruption to the tech sector, said the head of AustralianSuper.

Paul Schroder, chief executive officer of Australia’s biggest pension fund, called the DeepSeek development a “mid-cycle efficiency gain” in an interview with Bloomberg TV on Tuesday. The A$355 billion ($222 billion) fund held about A$2 billion of Nvidia shares in its balanced investment option, where the majority of members have their retirement savings, at the end of June.