CBA Boss Predicts AI Job Losses and Productivity Gains
Australian Financial Review
ENRICHED
Details
- Date Published
- 25 May 2026
- Priority Score
- 2
- Australian
- Yes
- Created
- 25 May 2026, 08:00 pm
Description
An employer of our scale has a responsibility to avoid false reassurance and give people the best possible chance to adapt, writes the CBA boss.
Summary
Matt Comyn argues that Australian organizations must confront the inevitability of AI-driven displacement rather than providing false reassurance to workers. The piece emphasizes the importance of utilizing AI to enhance national prosperity and organizational capability while managing the operational and social risks associated with rapid adoption. While primarily focused on economic productivity and labor market shifts, the discussion highlights the role of major financial institutions in navigating the transition toward more advanced automated systems. This contribution is particularly relevant to the Australian policy context regarding the balance between technological advancement and socio-economic stability.
Body
TechnologyAIPrint articleMay 26, 2026 – 5.00amArtificial intelligence has to prove its value in people’s lives. Too often it is presented as something people must accept or as a tool for companies to lower costs. Both miss the point. The question is whether AI helps Australia become more capable and Australians more prosperous.This week the Commonwealth Bank is hosting its first Accelerate AI conference, bringing together 800 customers, technologists, policymakers and global AI builders to test what is already working, where the risks are, and how Australian organisations can use artificial intelligence to serve customers better, save time and build stronger businesses.Loading...SaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreAIOpinionCommonwealth BankMatt ComynBig fourFetching latest articles