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OpenAI Blueprint Prompts Debate Over $115 Billion AI Boost

The Albanese government has slated a principle-based regulatory update ahead of its early-August roundtable on tax incentives alongside training programs

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A composite image of close ups of Danielle Wood and Jim Chalmers.
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Overview

  • Released on June 30, the OpenAI–Mandala report forecasts that AI adoption could add $115 billion annually to Australia’s GDP by 2030, with 70 percent of gains stemming from productivity improvements.
  • The blueprint breaks down an estimated $4 billion in new-job creation, $6 billion from startup formation and $25 billion from enhanced quality of goods and services.
  • The government will hold a three-day productivity roundtable in early August with business groups, unions and community organisations to chart proposed tax incentives, workforce training initiatives and public data releases.
  • Assistant Productivity Minister Andrew Leigh supports a principles-based update to existing laws, with technology-neutral amendments to fill any gaps rather than AI-specific rules.
  • Experts warn that stagnant productivity growth and a need to more than double data-centre capacity by 2030 will require 8,300 additional data-centre workers and comprehensive upskilling to manage displacement risks.