Australia's space agency will be able to take over management of a galactic probe from its US counterpart by next decade, CSIRO boss Larry Marshall said while announcing a new $35 million investment in space and artificial intelligence technology research.

The new investments, announced on Monday morning are the latest "future sciences platforms" funded by CSIRO and involves $16 million for space technology, which will fund equipment, employ more students and post-doctoral researchers in the field, and bankroll collaborations with industry, and $19 million for an AI and machine learning platform.