Google (GOOGL) announces AUD1bn investment in Australia
08:15, 16 November 2021
Google plans to invest AUD1bn ($736m) in Australia over five years on infrastructure, research and partnerships, the company said on Tuesday.
Under its Digital Future Initiative, the US-based internet giant said it will invest in cloud computing and digital infrastructure to “help Australians make the most of technology.”
Google added that it will set up its first research hub in Australia to explore artificial intelligence and machine learning technologies to tackle environmental and social issues including mental health problems, bushfires and wildlife protection.
Google’s Digital Future Initiative
“The Digital Future Initiative will support 6,529 direct jobs and 28,057 total jobs across Australia and deliver AUD1.259bn in direct investment and AUD6.716bn in total economic impact,” said Henry Ergas AO and Green Square Associates.
The company said it will make a multimillion-dollar investment in Australia’s national science agency, CSIRO, to explore clean energy.
Google will also partner with Macquarie University for quantum computing research, the company said.
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New tech partnerships
Google chief executive Sundar Pichai said the billion-dollar investment plan will help develop Australia’s digital infrastructure, provide opportunities to local tech talent and create new technology partnerships to help solve Australian and global challenges.
“Google’s growing presence across Australia reflects our deep confidence in the future — and the profound opportunities ahead,” said Pichai.
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