Matt Comyn, Commonwealth Bank CEO, Warns of AI-driven Job Losses and Calls for Copyright Protections
Australian Financial Review
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Details
- Date Published
- 25 May 2026
- Priority Score
- 2
- Australian
- Yes
- Created
- 25 May 2026, 08:00 pm
Description
Matt Comyn says the federal government doesn’t need to choose between copyright protections for creative industries and artificial intelligence investment.
Summary
Commonwealth Bank CEO Matt Comyn highlights the inevitable economic disruption posed by AI, specifically forecasting significant job losses across the Australian economy. He argues that the federal government must maintain robust copyright protections even as frontier AI firms like OpenAI and Anthropic lobby for loosened regulations to facilitate investment. While the article centers on intellectual property and labor market risks, it underscores the tension between national economic strategy and the influence of powerful global AI entities. These developments reflect a critical intersection of Australian domestic policy and the governance of advanced AI capabilities.
Body
CompaniesFinancial ServicesAIPrint articleJames EyersSenior ReporterMay 26, 2026 – 5.00amCommonwealth Bank chief executive Matt Comyn says the Albanese government does not need to choose between copyright protections for creative industries and artificial intelligence investment in Australia, and warns that there will be job losses across the economy from the emerging technology.Leading media and arts organisations have urged the federal government to hold the line on copyright law as global AI companies, such as Anthropic and OpenAI, push to water down the strict rules amid plans to invest in Australia.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 MoreAICommonwealth BankOpenAIBig fourMoney appsFintechBanking productsMatt ComynJobsCopyrightFetching latest articles