OpenAI wants AI tax breaks, promises $115b annual windfall

Michael Read and Paul Smith

Jul 1, 2025 – 12.01am

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OpenAI, 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.

Michael Read is 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.

Paul Smith edits 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.