AutogenAI launches Australian headquarters on Gold Coast as it targets government bid writing
The UK’s fastest growing generative artificial intelligence company has launched in Australia, choosing the Gold Coast as its base. Its boss says it could have a multi billion-dollar impact on a key part of the construction sector.
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The UK’s fastest growing generative artificial intelligence company has launched in Australia, choosing the Gold Coast as its headquarters.
AutogenAI’s bosses are aiming to tap into the lucrative government procurement sector – worth $564.5bn in the past decade – with their AI-powered bid writing service.
The software claims to take on the grunt work of writing bids to tender for public sector and corporate contracts across industries including consultancy, housing, infrastructure, health, defence, mining, energy, construction, human services and more.
Australia is the first international market the company has expanded to since scoring a $22m investment from European venture capital firm Blossom.
The company claims its software can write bids faster, easier and better than people can do it.
Australian CEO Emma Crichton said her initial team of eight would be based at Southport.
“We were attracted to the Gold Coast because of the pace of the growth here,” she said.
“The lifestyle is really healthy and fun.
“In Sydney or Melbourne we would be paying a lot higher running costs and we would just be another cog in the wheel in a jungle of other AI providers.
“There’s something new and fresh happening on the Gold Coast – it’s going through a period of maturity.”
The launch comes as the peak body for records and information management workers says millions of Australian jobs are at risk due to AI technologies.
According to the World Economic Forum’s 2023 Future of Jobs Report, 26 million fewer jobs
are predicted by 2027 in record keeping and administrative roles.
The Records and Information Management Practitioners Alliance is planning to address the issue at a “Jobs of the Future” convention on the Gold Coast next month.
“We wish to become innovators in propelling reskilling, upskilling and developing skills
initiatives for the sustainability of our members and our industry,” CEO Anne Cornish said.
“A collaboration between industry and government will be paramount to protect these roles
into the future and ensure that records and information remains a viable industry and
career path for Australians.”
Administration of Gold Coast GCB Constructions could impact housing supply, prices
Ms Crichton said AutogenAI’s service did not aim to replace human jobs, but it would free up human workers for more strategic, higher-level work.
“Our tool specifically works through augmentation,” she said.
“The best use of generative AI is when people work with it.”
AutogenAI’s ambition for the Australian operation is to grow to around 100 customers in the next 18 months, expanding with satellite hubs in Sydney, Melbourne and Perth.