The big AI players won't get tax breaks, says Andrew Charlton | The Business | ABC NEWS

More innovation is needed onshore if Australia is to share in the dividends from the rapid rollout of artificial intelligence - that's the message from the Assistant Technology and Digital Economy Minister Andrew Charlton. Dr Charlton joined The Business following a speech to the Australian Business Economics Conference, where he warned inaction risks an "uberisation" of the economy, where AI's profits are exported.
He told Kirsten Aiken there needs to be a balance between what big AI companies coming into Australia want, and what Australia wants from them.
He confirmed the government is not contemplating tax breaks for AI companies, and will not weaken copyright laws.
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