Google Set to Invest $740 Million in Australia Months After Tiff with Government

Key Takeaways:

  • Google has announced that it will invest $740 million in Australia in the next five years. 
  • This decision comes just a few months after the tech giant threatened to pull its services from the country due to stringent regulatory requirements. 
  • Google Australia’s managing director said that these investments will bring in considerable technological resources and investments. 
  • Australia’s Prime Minister said that this move is a A$ 1 billion ‘vote of confidence in the country’s digital economy. 

Google has announced that it is ready to spend A$ 1 billion in Australia over the span of five years. The tech giant made the announcement just a few months after it threatened to withdraw its services from the country in response to stricter regulations. 

SEE ALSO: Google Will Introduce 7 New Features to Android this Fall

How does Google plan on spending the money?

This will be the company’s largest investment in the country and most of the funds will be utilized to launch the company’s first research hub in the country. In addition, Google will also play a major role in the development of Australia’s cloud computing infrastructure. 

Besides that, Google has also expressed interest in teaming up with a local government agency on scientific research. This will encompass projects such as the protection of the Great Barrier Reef and clean energy production. 

There’s more! The tech firm will also tie-up with a local university to research and develop quantum computing. 

Google’s Australian crusade

Google has been active across Australia for over a couple of decades and employs nearly 2,000 people. The recent announcement will help create new jobs and also fuel innovation.

Australian Prime Minister, Scott Morrison praised this decision by calling it a “$1 billion vote of confidence” in the country’s economic strategy. Previously, the government had laid down plans to transform Australia into a powerful digital economy by 2030. Morrison also said that this does not mean they are trying to pose as the next Silicon Valley. 

Google’s program will create 6,000 new jobs and infuse around $6.7 billion into the Australian economy. Like every other country in the world, Australia is also gradually recovering from the COVID-19 pandemic and this move will provide a significant boost to the country’s digital strategy. 

SEE ALSO: Microsoft Dethrones Apple as Most Valuable Company in the U.S

Feature Image Source: Image by Hebi B. from Pixabay 

Karandeep V

Karandeep V

Karandeep was born in Pune, Maharashtra, an upcoming metropolitan city in the Western region of India. While most members of his family are engineers, he had different ideas. He was more inclined toward exploring the non-technical aspects of a business, which is why he studied Bachelors of Business Administration at Symbiosis International University, Pune.  Having said that, his love for new and upcoming technologies remained intact, which is why he has written extensively about technology throughout his career. After a brief stint with a gaming company at the beginning of his career, he discovered that his love for writing was not temporary.  Being a tech geek, he always liked installing and playing around with new applications on his mobile devices and the home desktop. He was fascinated by how technology can simplify even the most mundane and complex tasks with just a few commands. He keeps a close eye on how businesses use different tools to streamline their operations to boost productivity and efficiency. At ToolsMetric, he writes product reviews that cover the main features and specifications of different enterprise applications. The sheer amount of innovation and hard work that goes into building these tech solutions is one of the reasons why Karandeep loves reviewing these tools. Besides product reviews, he also writes interesting news articles and blogs that track the latest developments in the tech industry.  When he is not writing, you can find him rooted to his seat playing video games, watching movies, or supporting his favorite football team. Since his childhood, he has always loved to travel and explore new places. Traveling is a major part of his life due to a myriad of reasons such as experiencing new cultures, food, and traditions. His other hobbies include playing football, cooking, and running.  You can find him on LinkedIn here.

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