During his opening remarks at Blackbird’s Sunrise startup festival in Sydney, the venture capital firm’s founding partner Rick Baker called data centres “the lucky country answer to AI”.
It wasn’t positive. It was a pointed description of Australia’s apparent default role in the rapidly developing global AI ecosystem, coming as local investors obsess over the AI infrastructure boom.
When four of the Magnificent Seven reported first-quarter earnings on Thursday morning, investors weren’t focused on their profit or revenue lines.
Instead, all eyes were on their ever-growing AI budgets and any commentary on data centre spending.
