OpenAI Chief Economist Proposes AI Tax Breaks Promising $115 Billion Windfall for Australia
Australian Financial Review
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- Date Published
- 29 June 2025
- Priority Score
- 3
- Australian
- Yes
- Created
- 1 July 2025, 02:18 pm
Description
OpenAI chief economist Ronnie Chatterji has conducted a whirlwind set of meetings in Canberra as the company prepares to launch an AI blueprint for Australia.
Summary
OpenAI's chief economist, Ronnie Chatterji, has proposed that the Australian government consider tax breaks for companies adopting AI technology, suggesting that this could potentially expand the country's economy by $115 billion by 2030. These discussions come alongside the launch of an AI blueprint aimed at bolstering Australia's technological infrastructure and economic growth. While the promise of economic benefit is significant, the article highlights how these initiatives tie into broader conversations about AI's role in shaping future economic landscapes and its potential risks. The focus on Australia reflects a localized approach to AI governance and economic strategy, underlining the importance of national policies that consider both growth and safety.
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PolicyEconomyAIPrint articleMichael ReadandPaul SmithJul 1, 2025 – 12.01amSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginOpenAI, the maker of ChatGPT, is urging the Albanese government to introduce tax breaks for businesses that adopt artificial intelligence, as it launched a report claiming the new technology could make the economy $115 billion bigger by 2030.OpenAI chief economist Ronnie Chatterji conducted a whirlwind set of meetings in Parliament House on Monday, as the San Francisco-based company prepared to launch an AI blueprint for Australia on Tuesday, co-authored with economic consultancy Mandala.Loading...Michael Readis the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS.Connect withMichaelonTwitter.EmailMichaelatmichael.read@afr.comPaul Smithedits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy.Connect withPaulonTwitter.EmailPaulatpsmith@afr.comSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreAIFederal budgetAndrew LeighAndrew GilesFetching latest articlesWhat lurks beneath the stand-off over Sydney’s $750m new fish marketPrimrose RiordanWhy these Australian wines are at risk of extinctionHow much to tip? And other restaurant conundrums to chew onFrom number-cruncher to CEO: This boss’ unexpected path to the topSally Patten and Mandy CoolenHow this CEO wrote a report while cooking noodlesHow execs slay the horror ‘sandwich’ of work, kids and ageing parentsThese are the viral rugs to buy this seasonStephen ToddThe First Nations chef who’s bringing Australian cuisine to the worldFinally, the Paspaley dynasty is launching its expedition superyachtShe ‘just wanted to go to the stars’, then built an $800m space-tech firmYolanda RedrupMike Cannon-Brookes loses two executives from private office GrokShuffle follows Stake into the gutter