NZ's tax rules keep it out of AI's inner circle: ex-PrimerAI CEO Sean Gourley

NZ's tax rules keep it out of AI's inner circle: ex-PrimerAI CEO Sean Gourley
Sean Gourley says early investment in AI companies would have opened doors for NZ. (Image: Supplied)
Dileepa Fonseka
The foreign investment funds tax regime is costing New Zealand its place in the artificial intelligence race, Sean Gourley, the ex-CEO of San Francisco-based firm PrimerAI, says.Gourley told BusinessDesk he had little doubt New Zealanders would be more influenced by the development and decisions of fast-growing artificial intelligence (AI) companies in Silicon Valley right now if it wasn’t for the foreign investment funds (FIF) tax regime.“We have almost no seat at the table because of the tax rules,” Gourley said.'Influen...

More Policy

MoT to gauge market interest in toll road concessions
Policy

MoT to gauge market interest in toll road concessions

Investment bank Citi will assist the ministry. Transurban has already signalled interest.

Oliver Lewis 03 Jul 2025
Govt announces first three 'regional deal' contenders
Policy

Govt announces first three 'regional deal' contenders

Ministers want regions to consider 'asset recycling', among other funding tools.

Oliver Lewis 02 Jul 2025
‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades
Policy

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades

Two of the biggest NZ ports are raising prices as they plan major investments.

Oliver Lewis 02 Jul 2025
'There are some firms in NZ I won’t touch'
Policy

'There are some firms in NZ I won’t touch'

Adam Feeley on the reluctance to call out poor performers in NZ infrastructure sector.

Oliver Lewis 30 Jun 2025