Australia's Deputy PM meets OpenAI and Anthropic to secure $150B data center investment
jeremyphoward · x · 2026-09-02
Australia's Deputy Prime Minister is in San Francisco meeting with OpenAI and Anthropic to advance the country's data center pipeline, targeting $150 billion in investment by 2030. Critics argue that data centers represent the bottom of the tech stack—requiring massive capex for concrete, power, and imported GPUs while generating few jobs and negligible compounding growth. This push contrasts with the exodus of Australian founders to the US, citing unfavorable Capital Gains Tax (CGT) changes as a primary driver.
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