Wealthy Australian investors are grabbing their passports and chasing opportunities in some of the world’s biggest artificial intelligence and technology companies.
Street Talk understands a handful of family offices and high-net-worth individuals have taken a slice of three high-profile US companies – ChatGPT maker OpenAi, Elon Musk’s SpaceX rocket company and Silicon Valley quantum computing start-up backed by the Australian government PsiQuantum. Each has finalised funding rounds or secondary sales this year.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
