The world’s AI giants are vying to capture Australia’s biggest banks

Last week, as the company prepared to open its new Australian headquarters, OpenAI boss Sam Altman issued a stark warning to employees. The billionaire said the developer of ChatGPT was in danger of losing its crown as the world’s dominant artificial intelligence provider to its deep-pocketed rivals like Microsoft by declaring a “code red.”

After OpenAI and its biggest competitors have spent billions of dollars developing the next generation of AI – from chatbots with personalized features to comprehensive research platforms – now is the time to find users. And Australian banks have long been a key target.

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