The National Reconstruction Fund has taken a $32 million stake in artificial intelligence start-up Harrison.ai in a bid by the Albanese government to keep the revolutionary healthcare diagnostics company based in Australia.

Industry Minister Ed Husic cited US President Donald Trump’s first major announcement of his second term – a $US500 billion ($800 billion) investment by Oracle, SoftBank and OpenAI in AI infrastructure – as an example of why taxpayer funds were needed to turbocharge the sector locally.