'Be prepared but not necessarily alarmed' by AI, says Commonwealth Bank boss | 7.30
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This week Pope Leo added his voice to warnings about artificial intelligence and the concentration of too much power in too few companies. Meanwhile OpenAI CEO Sam Altman told a Sydney conference, run by the AI-forward Commonwealth Bank, that one of AI's biggest advantages is that unlike humans, it never gets tired, distracted or loses focus. He also said AI might not cause the jobs apocalypse he anticipated, but other AI leaders don’t agree with him. 7.30’s Sarah Ferguson interviews Commonwealth Bank CEO Matt Comyn. Subscribe: https://ab.co/3yqPOZ5 Read more here: https://www.abc.net.au/news/2026-05-26/matt-comyn-cgt-passive-assets/106724328 Welcome to ABC News In-depth, where you'll find our long-form journalism and other videos to help you understand what's going on in the world around you. Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 For more from ABC News, click here: https://ab.co/2kxYCZY Get breaking news and livestreams from our ABC News
Tags: abc news, australian news, abc news indepth, documentaries, long-form journalism, matt comyn, cba, commonwealth bank, bank, banking, ai, artificial intelligence, sam altman, capital gains tax, cgt, economy, australia, interst rates, federal budget, openai
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