Australia needs to plug innovation gap
Australia needs to catch up with other nations that are investing more in innovation and emerging technologies such as artificial intelligence(AI), or be left behind.
Speaking at the Sydney leg of the Amazon Web Services (AWS) Summit, Daniel Petre, co-founder and partner at venture capital firm AirTree Ventures, said although there are pockets of success in Australia’s startup community, such as the likes of Atlassian and Hyper Anna, innovation and research and development (R&D) in the country still lacks behind the likes of China and the US.
“Australia is at a crossroads,” he said. “We all know that technology is changing at a fast rate, and at light speed that has never happened before. We have a choice about whether we want to participate and be a producer of the world’s greatest applications, or be a user.”
Read the full article at Computer Weekly.