CBA has just begun the next phase of AI adoption for Australian businesses

The $90 million on-the-job training program launched by the Commonwealth Bank on Tuesday aims to do multiple things at once.

Firstly, CBA boss Matt Comyn hopes this will mitigate any setbacks caused by the 300 job cuts also announced on Tuesday. Comyn does not shy away from the fact that the intensity of competition between the Big Five (including Macquarie and its aggressive banking division) is already high and is likely to continue to increase.

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