Telstra has invested $11.8 million in US-based software support and technical services company Boomtown as the company accelerates its continued growth and on-going investment in its relay software as a services platform.

Adaptive learning company Cluey Learning has raised $20 million with the completion of a Series A funding round, bringing total investment in its business to $31 million.

Australia is losing the global race in artificial intelligence and will miss out on future jobs without major new investment to secure its position as a leading destination for AI research and development, according to analysis by the University of Adelaide’s Australian Institute for Machine Learning.