“Lemphers is Australian but has spent a significant part of his career in the US. He was part of #Microsoft’s founding team for its huge #AzureCloud #computing business, and worked in its labs run by well-known former chief software architect #RayOzzie, researching #MachineLearning.

#Lemphers declined to say how much had already been invested in Maincode’s early research, but that it was multiple millions of dollars. Accounts filed with the corporate regulator in March showed #EasyGo had #revenues of more than $500 million in the last financial year.

The products #Maincode is developing are still under wraps, and the #startup is preparing for a public launch in coming weeks. It has pitched its model as one that can work alongside #people, rather than replace human #thinking. It has also #published its first scientific #ResearchPaper and claims to have been working with some undisclosed #Australian brands to determine some of the problems its #AImodels should focus on solving.”

#EdCraven / #Crypto / #gambling / #payment / #DaveLemphers / #AI / #Melbourne <https://www.afr.com/technology/crypto-billionaire-invests-millions-to-build-australia-s-chatgpt-20250725-p5mhpd> (paywall) / <https://archive.md/1dWA7>

Stake.com billionaire Ed Craven invests millions in start-up Maincode to build Australia’s ChatGPT

While there are plenty of investors trying to land a lucrative payday as AI use goes mainstream, Maincode is trying to become Australia’s answer to OpenAI.

Australian Financial Review