Okay, instead of selectively choosing one part of the text, lets...

Okay, instead of selectively choosing one part of the text, lets add the words that followed. It is about AI (Artificial Intelligence) and is nothing to do with Australian Tech. And why would they refer to Australia as AU? Wouldn't they say Australian as a definitive statement. They wouldn't refer to Russia as RUS, or Germany as GER. Don't reply by saying they use USA and UK as country names as these are the common names for these countries, whereas AU could also be Austria of course.

Is Britain holding a global summit on the safe development of Australian technology? I don't think so.

The two countries also agreed to work together on ensuring the safe development of AU technology, starting with Britain hosting a global summit later this year.
The United States was looking to Britain to help lead a common approach on AI safety and regulation, Biden said at a joint news conference with Sunak in Washington.