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The Canberra Times
The Canberra Times
Ray Athwal

Local tech sidelined as Canberra spends millions on foreign AI giants

Canberra trusts its local companies to advise on how to adopt artificial intelligence but favours international tech giants when it comes to buying the actual systems, according to a new analysis of federal contracts.

New data has revealed local start-ups were confined to lower-value consulting and training contracts while the larger foreign firms were awarded larger multimillion-dollar platform deals.

Since 2015, foreign firms have secured about $38 million across 47 core artificial intelligence (AI) contracts, while local firms have earned $31 million despite winning more than double the volume (108 contracts).

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