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 June

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Top 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.