Back to Articles
Artificial intelligence-spurred business growth beats cost-cutting

The Australian Financial Review

ENRICHED

Details

Date Published
6 Oct 2026
Priority Score
1
Australian
Yes
Created
6 Oct 2026, 12:00 pm

Authors (1)

Description

Productivity may take off once businesses reimagine their processes. But reimagining is really about driving expansion.

Summary

This article argues that businesses should leverage AI for expansion and new market penetration rather than focusing solely on internal cost-cutting measures. It highlights how generative AI enables rapid, low-cost translation and cultural adaptation of products for underserved demographics, such as Sudanese-Australians. While the piece notes the speed of deployment for frontier capabilities, it focuses on economic productivity and business strategy rather than technical safety or catastrophic risk mitigation. Consequently, its relevance to AI governance is limited to the broader socio-economic impacts of AI adoption in the Australian corporate sector.

Body

TechnologyAIPrint articleOct 6, 2026 – 5.00amI recently asked the chief executive of a wealth management firm what their offer was for Sudanese-Australians. His answer was, understandably: nothing.However, I pointed out, by tomorrow afternoon they could translate their entire product range into Sudanese Arabic, refine it to fit cultural requirements, and pilot a digital adviser that spoke in that language, at almost no cost.Loading...SaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleRead MoreAIOpinionProductivityWorkplaceFetching latest articles