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Clive Mayhew

Australia’s AI gold rush is heading offshore, and we’re digging

Australian investors pouring money into US AI companies, such as Mira Murati’s Thinking Machines Lab, should not be a cause for celebration in the local industry.

Earlier this month The Australian Financial Review reported Square Peg Capital and AirTree Venture’s participation in a $3 billion Silicon Valley funding round for US-based AI startup, Thinking Machines Lab.

This big deal is not cause for celebration.

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Clive Mayhew is the former chair of Fishburners, a serial tech investor, founder and chief excutive of AI company Golf.AI.

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    Original URL: https://www.afr.com/technology/australia-s-ai-gold-rush-is-heading-offshore-and-we-re-digging-20250725-p5mhty