Australia has spent decades importing much of the technology that runs its digital economy. AI could make that dependence considerably more expensive.
The Albanese government is increasingly arguing that Australia cannot afford to become merely a customer of overseas AI companies. Assistant Minister for Science, Technology and the Digital Economy Andrew Charlton has warned that the country risks becoming a permanent “renter of intelligence” if more of the economic value generated by AI flows offshore.
In a May speech outlining Australia’s AI ambitions, Charlton framed the choice as building a domestic AI industry or becoming increasingly dependent on foreign platforms.
For Australian CIOs, the debate is more practical than patriotic...
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