Sovereign Australia AI launches with $10M fund to build local AI model and compensate copyright owners
By
yakkomajuri
Yesterday's bagel. Skim it, don't savour it.
Summary
Australian entrepreneurs Simon Kriss and Troy Neilson have launched Sovereign Australia AI to build Australis, a local alternative to AI models from OpenAI, Anthropic, Google, and Meta. The initiative includes a $10 million fund to compensate copyright owners for their work, addressing concerns about Australia's reliance on US and Chinese AI technology.
Key quotes
· 3 pulledTwo Australian entrepreneurs have joined the race to build a local alternative to the artificial intelligence models created by tech giants like OpenAI and Meta
earmarking $10 million to compensate copyright owners for their work
Sovereign Australia AI was founded by AI strategist Simon Kriss and technology executive Troy Neilson who shared concerns that Australia's access to the critical technology would be at the mercy of the decisions made in the United States or China
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