Speculative investors are increasingly betting the Reserve Bank of Australia will raise interest rates again in November as inflation remains above the central bank’s target.
(Bloomberg) -- AI’s decimation of call center jobs has begun.Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offsets Oil Decline: Markets WrapCitadel Securities Sees Warsh Delivering Surprise Fed Rate HikeChip Rout Deepens on Circular Funding, China Competition FearsCompanies ranging from the Commonwealth Bank of Australia and Microsoft Corp. to Uber Technologies Inc. and Hyatt Ho
archTIS Ltd (ASX:AR9, OTCQB:ARHLF) has extended the maturity date of a A$4 million Commonwealth Bank of Australia (ASX:CBA) lending facility, maintaining access to non-dilutive working capital as it responds to growing demand for its data security products. The facility, previously due to...
Ford, Commonwealth Bank of Australia, and IBM are among firms that have reversed AI-driven job cuts after finding the technology couldn't fully replace human workers
Commonwealth Bank of Australia named Victoria Ledda as group chief information officer and Rodrigo Castillo as group chief technology officer on Friday as the lender sharpens its focus on digital, data and artificial intelligence capabilities. • Ledda will lead business-aligned technology strategy and delivery across the group, while Castillo will oversee enterprise technology foundations, including engineering, security and AI capabilities.
When it comes to personal banking, more Canadians are putting down their laptops and picking up their handheld devices. According to the Canadian Bankers Association's (CBA) How Canadians Bank in 2026 survey, banking with an app is on the rise across generations.
Commonwealth Bank of Australia recently reported a 4% rise in March-quarter cash net profit after tax and stable underlying net interest margins, while investors watch the Reserve Bank of Australia's 16 June policy decision as a key catalyst for the bank’s outlook. At the same time, CBA is contending with rising digital competition, elevated technology spending, and debate over the future role of senior AI leadership, all of which could shape how effectively it converts its strong franchise...
U.S. President Donald Trump confirmed the deal with Iran in a post on Truth Social, adding that the Strait of Hormuz would reopen on Friday.
The AI jobs story has become a split screen: one of the most powerful artificial intelligence (AI) executives is walking back the worst panic, while data tracked by Goldman Sachs (GS ) still points to pressure on younger white-collar workers. The lack of a clean yes-or-no answer is exactly why...
Tech evangelists leading the charge for AI adoption seem to have finally figured out that telling the world that artificial intelligence is coming for everyone's jobs is bad PR. But the latest data suggests that the about-face may be too late. Last week, OpenAI CEO Sam Altman became the latest AI ...
Altman now says he was 'delighted to be wrong' about AI wiping out work - but rivals, layoffs, and rising automation costs are still fueling concern.
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 Tuesday, calling the expense a key emerging management challenge. Commonwealth Bank of Australia CEO Matt Comyn said businesses globally are likely to tighten scrutiny of artificial intelligence-related spending through 2026 as adoption accelerates and pressure mounts to demonstrate returns on investment. His remarks highlight a growing constraint on AI rollouts in corporate Australia, alongside managing workforce disruption and the heavy energy and water demands of the data centres powering the surge in computing.
"Forecasting economic impacts from AI is inherently speculative and uncertain."