{"id":695352,"date":"2026-05-26T09:06:08","date_gmt":"2026-05-26T09:06:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/695352\/"},"modified":"2026-05-26T09:06:08","modified_gmt":"2026-05-26T09:06:08","slug":"despite-the-ai-boom-asx-limiteds-expenses-blowout-from-rising-cost-of-technology-is-a-worldwide-trend-why","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/695352\/","title":{"rendered":"Despite the AI boom, ASX Limited\u2019s expenses blowout from rising cost of technology is a worldwide trend. Why?"},"content":{"rendered":"<p>It\u2019s no great surprise that shares in ASX Limited plunged as much as 13 per cent on Tuesday, after the market operator told investors that the cost of its great technology turnaround had ballooned.<\/p>\n<p>The <a href=\"https:\/\/www.afr.com\/companies\/financial-services\/asx-costs-to-rise-by-up-to-21pc-next-year-on-tech-upgrades-20260526-p600q3\" rel=\"nofollow noopener\" target=\"_blank\">update on expenses growth<\/a> in the 2027 financial year \u2013 now expected to be between 18 per cent and 21 per cent \u2013 and the estimate of almost $400 million of capital expenditure over 2027 and 2028, is sadly what you\u2019d expect to see when a company has chronically underinvested in its technology and systems, <a href=\"https:\/\/www.afr.com\/link\/follow-20180101-p5nnob\" rel=\"nofollow noopener\" target=\"_blank\">as ASIC found the ASX had done.<\/a><\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"It\u2019s no great surprise that shares in ASX Limited plunged as much as 13 per cent on Tuesday,&hellip;\n","protected":false},"author":2,"featured_media":695353,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[256,254,255,64,63,105],"class_list":["post-695352","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-au","tag-australia","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/695352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=695352"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/695352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/695353"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=695352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=695352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=695352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}