Why are OpenAI and Anthropic cheering on regulation in Australia? The answer has global reach

The article says OpenAI and Anthropic are publicly supportive of Australia’s new AI regulation because clearer rules could ultimately help them. Although the rules may seem restrictive, the piece argues they can provide regulatory certainty, make Australia more attractive to investors, and create a template for similar deals globally. That matters as both companies prepare for possible public listings and seek to justify very high valuations. The article also notes a broader competitive threat from China: Moonshot AI’s new Kimi K3 model reportedly narrowed the gap with leading US models and pressured implied private-market values for OpenAI and Anthropic. In addition, Anthropic’s recent $1.5bn copyright settlement highlights legal and reputational risks that regulation could help manage. Overall, the market takeaway is that AI regulation may paradoxically support valuation multiples by reducing uncertainty and improving the investment case, even as competition and lawsuits weigh on sentiment.