Hockey warns against ‘crushing innovation’ as AI disruption looms


Proposed changes to the capital gains tax discount risk hobbling Australia’s ability to innovate its way through a looming jobs crisis driven by artificial intelligence, former US ambassador Joe Hockey has warned.

Addressing the National Press Club on Tuesday, Mr Hockey said that with AI and robotics set to put one in seven workers out of a job within five years, the federal government could not afford to tinker with …

Want to know how this story ends?

Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.

Already a member? Log in here

Do you know more? Contact James Riley via Email.

Related stories