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Google is investing the most money it has ever made in Australia



Following a public spat with the Australian government earlier this year, during which the tech giant threatened to shut down search in the country, Google is investing the most money it has ever made in the country, according to the company.


According to the company's CEO Sundar Pichai, the company will invest 1 billion Australian dollars (approximately $736 million) in Australia over a five-year period starting in 2019.


In Australia, the funds will be used to establish the company's first research hub and to assist in the development of the country's cloud computing sector, according to the announcement.


As part of its collaboration with an Australian government agency on scientific research, Google (GOOGL) intends to work on clean energy and Great Barrier Reef protection projects. In addition, the company will collaborate with a local university on quantum computing research and development.


With over 20 years in Australia and nearly 2,000 Australian employees, Google claims that the new initiative will help to create new jobs and stimulate innovation. Google has stated that the new initiative is expected to help create new jobs and stimulate innovation.


The move was hailed by Prime Minister Scott Morrison on Tuesday, who described it as a "$1 billion vote of confidence" in Australia's economic development strategy. Prior to the current election, Morrison's government stated that it hoped to transform Australia into a "top digital economy" by 2030, with particular emphasis on improving the country's capabilities in areas such as artificial intelligence.


Morrison said at a Google office in Sydney on Tuesday that the plan "does not imply that we are attempting to become the next Silicon Valley."


His company's program, he claimed, would result in the creation of over 6,000 jobs and a boost to the Australian economy of approximately 6.7 billion Australian dollars ($4.9 billion).


In addition, Morrison stated that "our challenge as we emerge from this pandemic and into an extremely difficult world is to ensure Australia's economic recovery." "It is this task that we face as we approach the year 2022, and Australia's digital strategy is critical to ensuring that recovery takes place."


Turning the page


A bet on Australia appears to be helping Google to restore some of the stability to the complicated relationship the company has had with the country's users and government in recent months.


Previous public battles with regulators over legislation requiring Google and Facebook (FB) to compensate publishers for news content have resulted in a public scuffle.


For months, Google made a vociferous case against the proposed legislation. Earlier this year, it used its homepage to warn Australians that the proposed law would restrict their ability to search and would result in "consequences" for YouTube users. At the time, the company was accused of spreading "misinformation" by government regulators.


As a result, Google threatened to withdraw its search engine from the country if the law was passed in January, escalating tensions.


Google, on the other hand, took a different approach as the bill's vote date drew closer. This year, it attempted to get a jump on the legislation by announcing partnerships with some of the country's largest newsrooms, including Rupert Murdoch's News Corp (NWS) and Seven West Media.


Meanwhile, much of the attention has been focused on Facebook, which in response to the proposed law abruptly banned news content in Australia in February.


Following changes to the Australian penal code, Facebook later restored access to those pages to users.


Following a lengthy debate, the law was finally passed in February, with both media organizations and politicians praising Google's approach.


Morrison addressed some of the company's previous issues on Tuesday, saying that "Google's decision to invest in the manner in which they have... cements [our] partnership." Morrison also addressed some of the company's previous issues.


On a number of fronts, he noted, "we have already collaborated with the technology sector, and there are a number of others on which we need to work."

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