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CBA chief Matt Comyn says Australia must retain economic value of AI

CBA chief Matt Comyn says Australia must retain economic value of AI

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CBA chief Matt Comyn says Australia must retain economic value of AI
Image: CBA chief Matt Comyn says Australia must retain economic value of AI

By Scott Murdoch and Roshan ThomasSYDNEY, Oct 14 (Reuters) - Commonwealth Bank of Australia CEO Matt Comyn said on Wednesday Australia must ensure more of the economic benefits created by AI remain in the country while regulation should work to build trust in the new technology. Comyn said CBA, Australia's largest lender, is rolling out AI technologies across its banking portfolio, especially in business banking.The bank has also launched an AI chat within its banking app to selected customers that…

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