'Be prepared but not necessarily alarmed' by AI, says Commonwealth Bank boss | 7.30

This week Pope Leo added his voice to warnings about artificial intelligence and the concentration of too much power in too few companies. Meanwhile OpenAI CEO Sam Altman told a Sydney conference, run by the AI-forward Commonwealth Bank, that one of AI's biggest advantages is that unlike humans, it never gets tired, distracted or loses focus. He also said AI might not cause the jobs apocalypse he anticipated, but other AI leaders don’t agree with him. 7.30’s Sarah Ferguson interviews Commonwealth Bank CEO Matt Comyn. Subscribe: https://ab.co/3yqPOZ5 Read more here: https://www.abc.net.au/news/2026-05-2... Welcome to ABC News In-depth, where you'll find our long-form journalism and other videos to help you understand what's going on in the world around you. Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 For more from ABC News, click here: https://ab.co/2kxYCZY Get breaking news and livestreams from our ABC News channel:    / newsonabc   Like ABC News on Facebook:   / abcnews.au   Follow ABC News on Instagram:   / abcnews_au   Follow ABC News on Twitter:   / abcnews   Note: In most cases, our captions are auto-generated. #ABCNewsIndepth #ABCNewsAustralia