Boman Group chief executive Eric Gao bought into Anthropic and OpenAI. He wishes there were more Australian AI firms to invest his fund’s $1 billion of capital.
As chief executive of Boman Group, a fund manager that invests the money of wealthy Chinese Australians in global artificial intelligence giants like Anthropic, OpenAI and Databricks, Eric Gao says he is struggling to find Australian AI companies worth backing, as the firm passes a milestone of $1 billion in funds under management.
Boman Group invests across Asia and further afield and is looking to make its first deals with Chinese companies, after a protracted process that saw it take two years securing licences to operate in China. Gao said the 15-year-old company was seeing great opportunities to buy in frontier AI companies, robotics and digital assets, and was keen to invest in the highly anticipated SpaceX public float.
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