Why are OpenAI and Anthropic cheering on regulation in Australia? The answer has global reach

The companies hope to follow in the footsteps of SpaceX, which raised $86bn and soared to a $2.1tn valuation after it listed on public markets in JuneGet our breaking news email, free app or daily news podcastTop US AI developers Anthropic and OpenAI cheered when Australia announced it would set new AI rules.Big tech celebrating limits on their Silicon Valley VC-funded free-for-all might seem counterintuitive but there’s a much broader play than just what happens in one relatively small market. Continue reading...