“Use-case” was the phrase of the day at The Australian Financial Review AI Summit as bankers, founders, fundies and tech bosses confronted the present and future impact of the artificial intelligence boom.

Businesses have been keen to spruik their AI bona fides far and wide since the technology hit the mainstream. But Allens partner Valeska Bloch urged them to ask if AI adoption will be “useful, or is it just cool?“.