Australia must become an AI powerhouse, or be left behind
Artificial intelligence presents a significant opportunity for Australia’s economy, but has been largely ignored – and underfunded – in the political rhetoric.
Blackstone CEO Steve Schwarzman can see the writing on the wall: AI is more than a passing fad and its next phase is not about software, it’s about infrastructure and the physical inputs that make AI possible in the first place.
Last week, Blackstone, the world’s largest alternative assets manager with over US$1 trillion in assets under management, acquired Australian data centre business AirTrunk for $24 billion.
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Casey Flint is a senior associate at venture capital firm Square Peg.
