Artificial Intelligence: Australia Lags in the Tech Arms Race
Australian Financial Review
SKIPPED
Details
- Date Published
- 27 Jan 2025
- Priority Score
- 3
- Australian
- Yes
- Created
- 10 Mar 2025, 10:27 pm
Description
The prime minister’s rambling answer to a press club question on Australia’s engagement in the AI arms race shows how complacent political and business leaders are.
Summary
Australia's position in the global AI landscape is critically assessed, highlighting its lag in the technology arms race. The article discusses the lack of urgent political and business response to the advancements and investments made by countries like the United States, exemplified by the high-profile $US500 billion Stargate project. This venture aims to bolster AI infrastructure, marking a significant move to maintain US dominance over China. Such developments emphasize the necessity for Australia to reevaluate its AI strategy to prevent falling further behind in global tech leadership. The article calls for Australian policymakers to act decisively in the face of advancing AI mechanisms that could have far-reaching implications on global governance and safety.
Body
TechnologyAIPrint articleSandy PlunkettFounder of Innovation ClearinghouseUpdatedJan 27, 2025 – 6.20pm,first published at2.50pmSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginGlobal tech giants have long loved doling out shock and awe – in the 21st century AI arms race there seemed no bigger example of that than last week’s $US500 billion ($795 billion) Stargate project announced by a newly installed US President Donald Trump after his first full day in office.Thejoint venturebetween American companies OpenAI and Oracle and Japan’s biggest tech investor, Softbank, is to accelerate the build-out of AI data centre infrastructure in the US. It was hailed as a clear signal to the world that the US was serious about maintaining its lead over rival China for the critical technology.Loading...Sandy Plunkettis founder of Innovation Clearinghouse and a thought leader in entrepreneurship, technology and innovation systemsSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreAITrump diplomacyAnthony AlbaneseElon MuskChinaJapanUSALarry EllisonFetching latest articlesOlympic weightlifting is hard. This boss uses the 1pc rule to get it doneLucy DeanOut-of-control watch price rises give housing a run for its moneyKnow your craft: How the biggest airlines rate at the pointy endJun Bei Liu: How I learnt to speak upSally Patten and Lap PhanThe four actor ‘tricks’ giving executives more confidence‘We’ll fight’: Alex Waislitz on family battles and bad betsA last-chance tote bag and a groovy case for trumpetersEugenie KellyThis machine can bring out the creative streak you never knew you hadThis data-driven wellness retreat is a haven for high-flyersBillionaire Nicola Forrest appoints UBank boss to run family officePrimrose RiordanVictor Smorgon’s star fundie eyes 50pc returns for new fundForrest family powerbroker had alleged role in big Fortescue decisions