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What if Australia depended on Russia for electricity?

Here’s a question: why would any reasonable nation choose to rely on getting their power entirely from a handful of countries thousands of miles away? They wouldn’t. For centuries, nations have focused on owning the critical infrastructure that powers their homes, businesses, and industries.

What if Australia depended on Russia for electricity? It would present a major vulnerability. Yet, a similar power dynamic has played out with the Internet over the past 50 years. Today, ten countries control 65% of data centers, with the United States accounting for more than half. Reliance on the internet is only poised to explode as technologies like large language models and agentic AI systems become ubiquitous in everything from healthcare to national defense to gaming. This is unsustainable.

Read the full report here.

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