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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. #ABCBusiness Subscribe: http://ab.co/1svxLVE ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook: / abcnews.au Follow ABC NEWS on Instagram: / abcnews_au Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia