CBA chairman warns AI risks ‘hollowing out’ Australia’s economy

Commonwealth Bank chairman Paul O’Malley says the rise of the huge artificial intelligence platforms such as OpenAI and Anthropic risks hollowing out the Australian economy and sending value overseas.

Source: https://www.afr.com/companies/financial-services/cba-chairman-warns-ai-creates-geo-economic-risk-for-australia-20260310-p5o8yc