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CBA boss Matt Comyn has a flurry of ideas in his head about how AI will affect his industry and country.

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.

  • Paul Smith
Productivity Commissioner Stephen King at Tuesday’s inaugural The Australian Financial Review AI Summit.

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.

  • Paul Smith
Industry Minister Ed Husic told The Australian Financial Review AI Summit that current business conditions were ripe for lower company tax rates.

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.

  • Innes Willox

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.

  • John Davidson

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.

  • Maxim Shanahan
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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.

  • Joshua Peach
Ed Husic has called for a reduction in the corporate tax rate.

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.

  • Phillip Coorey

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 AFR View
Qiao Ma, portfolio manager at Munro Partners says the Nvidia rally is “nowhere close to being over”.

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.

  • Joshua Peach
Google Australia’s managing director Mel Silva says AI will touch every part of the economy.

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”.

  • James Eyers and Sally Patten
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Telstra’s Kim Krogh Andersen is in charge of AI projects across the group.

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.

  • James Thomson
Leonardo Ai co-founder JJ Fiasson at The Australian Financial Review 2024 AI Summit on Tuesday.

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.

  • Max Mason
Industry Minister Ed Husic at the Summit.

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. 

  • Ed Husic
Adam Driussi, CEO of Quantium, says AI will become assistant coaches in professional sporting codes.

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.

  • Tess Bennett
'Australia has a huge role to play in AI'
2:42

'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.

  • Updated
CBA CEO Matt Comyn addressed the AI Summit in Sydney on Tuesday.

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.

  • James Eyers
The 3 things companies need for AI success
0:32

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.”

  • Updated

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.

  • John Davidson
Industry and Science Minister Ed Husic  has selected four organisations to provide free AI training to SMEs.

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.

  • Updated
  • Tess Bennett
Aussie unicorn founder says all workers will need AI knowledge
1:41

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.

  • Updated
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30pc of board execs to go in two years
1:22

30pc of board execs to go in two years

Quantium’s Adam Driussi says board members who avoid AI will be left behind.

  • Updated
Adam Driussi.

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. 

  • James Thomson
Matt Comyn on how AI will change jobs
1:49

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.

  • Updated
Yossi Matias at the Financial Review AI Summit on Tuesday.

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.

  • Sam Buckingham-Jones
Husic calls for lower corporate taxes
2:30

Husic calls for lower corporate taxes

Minister for Industry and Science Ed Husic says the Labor government would consider revising the company tax rate.

  • Updated

Original URL: https://www.afr.com/afrlive/ai-summit