Google has reported that it will contribute A$1bn ($740m, £550m) in Australia over the course of the following five years.

It is the US innovation monster’s biggest interest in the nation to date.

Google says the cash will be help build a hub for research, enable increases in cloud computing capability and provide the funds to form local organisational partnerships.

The move – named the Digital Future Initiative – may result in the creation of 6,000 positions and benefit 28,000 in total. Google boss Sundar Pichai said:

Australia can help lead the world’s next wave of innovation, harnessing technology to improve lives, create jobs, and make progress,”

His comments were made during the launch of the project in Sydney. This event was also attended by Prime Minister Scott Morrison, who added:

“The decision by Google has major benefits for Australian businesses as we engage with the economic recovery before us.”

Some of the local strategic partnerships that Google will form have the intent of including Australia’s science office the Commonwealth Scientific and Industrial Research Organization (CSIRO).

Joshua Kennedy-White of digital speculation organization DivisionX Global, in commenting on the announcement said:

“It takes money to move an idea into innovation and the first money is the hardest to come by…If Google cut $250k cheques to promising start-ups, they could fund 4,000 new tech companies in Australia,”

‘Silicon Valley of the Southern Hemisphere’

The move takes Australia’s iconic city one step nearer to realising it’s dream of being the ‘Silicon Valley of the Southern Hemisphere’.

Development of Tech Central, a center multi-billion dollar center in focal Sydney, is will likely start one year from now and is hopes to be completed not until 2026.

Notwithstanding this good news, tech giants have been in the crosshairs recently in Australia for not paying nearby news distributers for content carried on their foundation. They have likewise been blamed for aiding the spread of disinformation. There is no evidence at this stage that Google’s move is meant to turn the tide of public opinion, however today’s announcement will certainly furnish greater positive local public sentiment.

Author: Londonlad

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