Sandy Kunvatanagarn, OpenAI’s regional policy chief, emphasized Australia’s potential in the digital economy during a recent event at the University of Technology, Sydney. A delegation from OpenAI, a leading generative AI company valued at US$300 billion, is in Australia to advocate for action in the tech sector. OpenAI’s newly released Economic Blueprint, developed with Mandala, highlights that AI could potentially add $115 billion to the Australian economy by 2030. The report recommends implementing tax incentives for AI adopters, launching a national upskilling initiative, and prioritizing data centers as critical infrastructure. It criticizes Australia’s “wait and see” policy approach, urging leaders to act decisively to harness AI’s economic benefits. By embracing these recommendations, Australia could position itself advantageously in the global AI landscape, shifting from passive observation to proactive participation.
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