Sep 4, 2026 – 3.13pmSenior Liberal MP Andrew Hastie has warned that Australia’s financial services sector risks being held to ransom if the nation continues to rely on the United States and China for artificial intelligence technology and fails to build its own sovereign capability.The high-profile Liberal used a speech at Melbourne’s Intersekt fintech conference on Thursday to raise concerns about Australia being ill-prepared for the geopolitical, strategic and moral implications of depending on the two nations in the narrowing AI race.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Australia needs to pick a side in global AI race, Hastie says
The high-profile Liberal used a speech to raise concerns about Australia being ill-prepared for the implications of the nation’s reliance on the US and China for AI.
103 words~1 min read
