Jul 16, 2026 – 5.35pmThe Albanese government must invest significantly more money to help create world-leading artificial intelligence technology in Australia, rather than setting policies that will entrench the dominance of US-based giants, local entrepreneurs, investors, academics and policy experts have warned.Industry insiders largely praised a high-profile speech by Prime Minister Anthony Albanese on Wednesday, which promised to legislate requirements on AI data centre companies and encourage development of sovereign capability. However, questions are being raised about how the government will back up the rhetoric.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Where’s the money? Government told to fund local AI promises
The AI industry believes the government is saying the right things about building local capability, but failing to invest the necessary money to make it happen.
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