Tech leaders say local models can handle 90 per cent of tasks and call for greater Australia AI investment

Almost all of Australia’s artificial intelligence tasks could be done by cheap, locally trained models only slightly less capable than frontier labs such as OpenAI and Anthropic, say tech leaders, but Australia is falling well behind on investing in local capability.

Appearing before a parliamentary inquiry into AI on Wednesday, Rupert Taylor Price, founder of cloud computing supplier Vault Cloud, said up to 90 per cent of tasks could be handled by simpler models that were cheaper and easier to build in Australia.

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