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Why CBA’s AI future needs more reimagining
A US trip left CBA chief executive Matt Comyn with questions to which he doesn’t have all the answers. It’s a common theme across the Australian business world.
Companies ‘must take responsibility for not breaking laws with AI’
The competition and corporate regulators say businesses have all the information they need to experiment with AI, after being accused of providing a lack of guidance.
Husic states the obvious about tax reform
Without a cut to the corporate tax rate, Australia’s ambitions to be a globally competitive and innovative economy will come to naught.
Alex Pollak is already investing in ‘the very next’ Nvidia
A shift in where AI queries are being handled has opened up the investment field to more chipmakers, and to apps we haven’t even dreamed of yet.
Here are all the best AI uses from a day talking about it
Will it be useful or “just cool”? Executives and industry insiders spent the AI Summit discussing how they are already using artificial intelligence in their work.
May 2024
Six ASX stocks the AI bulls may have overlooked
A report from Morgan Stanley has shed light on the overlooked sectors on the ASX that could be set to benefit from the artificial intelligence revolution.
AI minister: Cut company tax to boost robotics, automation
A call by Ed Husic to cut taxes on corporate profits to encourage investment in advanced manufacturing has been applauded by business but exposed a split in the cabinet.
Husic’s corporate tax call revives Hawke-Keating Labor spirit
Rather than have his office rebuke his cabinet colleague for comments made at the Summit, the treasurer should start making the pro-business and pro-worker case for reform.
The AI bulls are sticking to Nvidia despite 600pc share price rally
“When people ask ‘who is the next Nvidia’? The next Apple was Apple – the next Apple, even today, is still Apple,” said Munro Partners’ stockpicker Qiao Ma.
Big business braced for AI wave – and plenty of uncertainty
Executives are certain artificial intelligence will transform every part of the economy. They just want to “separate the hype … and the pragmatism”.
How an AI-powered Santa makes the case for tax reform
AI threatens to change everything, from education to manufacturing. Ed Husic is right to ask whether tax reform is needed as part of this revolution.
Leonardo Ai co-founder says AI will enhance, not crush, creativity
Generative artificial intelligence will enhance creative work done by real people rather than replace them, the founder of a Sydney-based start-up says.
Corporate tax reform needs to be on the table, says Husic
This is an edited and abridged transcript of a speech followed by a question and answer session given by Minister for Industry and Science Ed Husic at The Australian Financial Review AI Summit.
Adapt to an AI world or be replaced, executives warned
“Hairdresser will use AI. Butchers will use AI,” said Mel Silva, Google’s local managing director. Others said a third of executives would be replaced.
'Australia has a huge role to play in AI'
Munro Partners' Qiao Ma says Australia doesn't need an Nvidia to be a major AI player.
After Comyn’s AI trip, the CBA boss can compute impact on banking
Comyn now knows AI will reshape the global technology industry, business landscape and geopolitics in profound ways yet to play out.
The 3 things companies need for AI success
AI is like F1, says Quantium’s Adam Driussi: “All of us can drive...but were not all fit to drive a Formula One car.”
Regulators keeping business in the dark on AI: Productivity Commission
Weeks away from new regulations governing high-risk AI use, regulators still haven’t explained how existing laws apply, says one productivity commissioner.
Labor to spend $17m to help small businesses join AI revolution
While major banks and tech firms are rushing headfirst into artificial intelligence investments, smaller firms are less prepared to capitalise on the technology, surveys have found.
Aussie unicorn founder says all workers will need AI knowledge
Culture Amp co-founder and chief technology officer Douglas English says AI will enhance, rather than replace, human employees.
30pc of board execs to go in two years
Quantium’s Adam Driussi says board members who avoid AI will be left behind.
AI could claim 30pc of executive jobs in two years
As Commonwealth Bank CEO Matt Comyn keenly monitors the AI revolution, Adam Driussi of Quantium says more executives need to follow suit.
Matt Comyn on how AI will change jobs
Commonwealth Bank chief executive Matt Comyn says the rise of artificial intelligence could be as significant as the industrial and scientific revolutions.
Google Research chief predicts children will soon be tutored by AI
Yossi Matias said healthcare, education and climate were the three areas most likely to be most changed by artificial intelligence in the near-term.
Husic calls for lower corporate taxes
Minister for Industry and Science Ed Husic says the Labor government would consider revising the company tax rate.