Australia is well-positioned to take advantage of the global boom in artificial intelligence but governments and regulators need to get the policy settings right so they don't stifle start-ups.
That's the message from two of the country's biggest entrepreneurs in the AI space, including the head of an infrastructure company that operates a network of energy-efficient data centres, which power the technology.
"This is unquestionably the significant industrial transformation in modern history," the head of stock exchange listed NextDC, Craig Scroggie, told a conference in Sydney on Tuesday.
Mr Scroggie echoed comments made earlier in the day by OpenAI founder and chief executive Sam Altman about Australia potentially sitting in a sweet spot in AI development.
Both noted the nation's stable security and political environment, clear regulatory regimes, and natural energy resources, which could underpin its future as a global leader,
