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The NBR Podcast
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Podcast #74: Investing in war

LISTEN: The rise of ‘dual-use’ technologies has made it harder for investors to know whether they are funding weapons – an area of investment known as ‘the grey zone’.

In this episode of The NBR Podcast with Simon Shepherd: Kiwis are pouring more money into weapons and it’s getting harder to work out which companies are involved.

Drones, AI, cloud services are all examples of civilian tech with a military application. Should you take sides or not invest at all? And how can you work out which companies are doing what?


All the podcasts will be available to NBR subscribers first via the audio link above (just hit that play button in the audio section of this article). NBR subscribers enjoy exclusive early access to each new episode, ensuring they’re always a step ahead. Episodes will be available to the public every following Tuesday.

Listen on your preferred podcasting app: 

Feedback, story ideas, comments, all welcome – email simon@nbr.co.nz

Links to audio clips used here.

Simon Shepherd Tue, 16 Sep 2025
Contact the Writer: simon@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

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Podcast #74: Investing in war
The NBR Podcast,
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