OpenAI execs hold talks with Jim Chalmers over 'strategic' Australian investment
OpenAI executives are in Australia and meeting with the second most powerful elected official to discuss whether the country can be home to more than just a satellite office.
OpenAI executives will meet with Treasurer Jim Chalmers next week amid a multi-city tour through Australia as the USD500 billion ($750 billion) startup officially expands into the country.
Chalmers spoke with OpenAI chief product officer Kevin Weil on the sidelines at an event run by infrastructure investor Morrison on Wednesday, a person familiar with the matter told Capital Brief.
A more formal meeting between the Treasurer and OpenAI leadership will follow next Thursday, said two people granted anonymity to speak freely. Chalmers will be speaking with OpenAI about Australia as a destination for strategic AI investment.
AI investment in Australia has boomed since 2022, new data from the Australian Bureau of Statistics shows, with investments in the technology sector matching that in mining for the first time in June.
