Looking to bolster its technology sector with artificial intelligence, Australia is opening its doors to AI developers that are eager to expand into untapped markets.

On Tuesday, tech giant Microsoft said the company is investing AUS$5 billion, around $3.2 billion, into the Oceanic country, according to a report by Reuters. This comes after Google said it would invest $1 billion in partnership with the Australian government.

The Google deal, CNN Business reported, would include projects to protect the Great Barrier Reef and clean energy.

As billions of dollars in investments shore up Australia’s AI capabilities and capacity, some say the regulatory landscape in America is meanwhile forcing AI developers to seek greener pastures in other regions.

Australia’s fortunes are benefitting from the increasing regulatory headwinds for AI in the U.S., said Shanal Aggarwal, Chief Commercial Officer at application developer TechAhead.

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Author: Jason Nelson

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