Telstra cautions on overinvestment in AI and the risk of lower returns

Australia’s largest telecommunications company has cautioned against overinvestment in artificial intelligence, warning the costs could be higher than the benefits, as global business spending on the technology surges.

Source: https://www.afr.com/companies/telecommunications/telstra-expands-share-buyback-as-net-profit-jumps-9pc-20260218-p5o39j