Atlassian co-founder Scott Farquhar believes Australia can become one of the world's major data centre hubs, powered by renewable energy.
While his Atlassian co-founder Mike Cannon-Brookes struggles to advance his planned Suncable project to generate vast amounts of solar energy in the Northern Territory and send it via an underwater cable to Singapore, Mr Farquhar has proposed a different way for Australia to export its green energy.
"We should power the region," he said in a speech to the National Press Club.
"We should export megawatts as megabytes for potentially megabucks. This could be a $10 billion-plus opportunity."
Speaking to The Business, Mr Farquhar said he envisaged Australia becoming the data centre location of choice for South-East Asia, a region hungry for data as artificial intelligence takes off.
"There are more users of ChatGPT in the combined Indonesia and Vietnam than there are in the United States," he told the program.
"This region is growing, it's dynamic in Asia, so there's going to be a lot of demand for data centres going forward."
Mr Farquhar explained why Australia was uniquely well-placed to host the data centres necessary to store all this information.
"Abundant energy, clean energy, and the other one is a stable rule of law," he argued.
"In this increasing world of geopolitics, our access to cutting edge chips at the behest of the United States is an advantage for us."
Mr Farquhar also said that Australia is surprisingly cost-competitive when it comes to building and operating data centres.
"I found it surprising because, obviously, we have a relatively high cost of labour," he told The Business.
"But because we have a a deep talent pool here, because of the low cost of energy and clean energy that we have in Australia, and the ability to scale up with raw materials, all those things actually put us in a great and very competitive situation in the world stage.
But he said; "we just need improved planning approvals to move faster both on the energy and approving of data centres."
Responding to concerns that the growing number of data centres was already placing strains on Australia's energy grid, and potentially pushing up power prices, Mr Farquhar said he believed that the increasing and reliable demand for power could have the opposite effect.
"What happens is, as the grid gets larger, it becomes more stable," he told The Business.
Overall, Mr Farquhar used his speech to urge Australians and their political leaders to embrace AI, rather than fear it.
"History of technological change shows us something important, every major technological wave has created more jobs than it has displaced. Human capital has adapted and stayed relevant every time."
#ABCBusiness
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