Major Australian banks face a new front for competition in increasingly complex personal financial assistants launched by US artificial intelligence providers.

Major Australian banks face a new front for competition in increasingly complex personal financial assistants launched by US artificial intelligence providers.

SYDNEY, June 2 : The cost of using AI will rise in less predictable ways as companies deploy the technology for complex tasks, the head of Australia's biggest bank said on…

Commonwealth Bank of Australia CEO Matt Comyn said businesses globally are likely to tighten scrutiny of artificial intelligence-related spending through 2026 as adoption…

From Commonwealth Bank to Coles and Telstra, some of the country’s major businesses are working on making the use of artificial intelligence worthwhile.

CBA chief executive Matt Comyn flagged surging AI costs and “work slop” as production-stage complexity inverts the favourable per-token AI economics that defined 2024-2025.