AI tools continue to be launched, the CEO of Australia's largest bank sounds the alarm of job losses.

Matt Comyn, CEO of the Commonwealth Bank of Australia, stated that artificial intelligence will take away jobs across industries, and companies have a responsibility to help employees plan for the continuously changing future. "At the Commonwealth Bank of Australia, like many large institutions, some jobs will be done by smaller teams," Comyn said. "At the same time, as people increasingly use AI to take on more complex tasks, some career paths will become steeper. This will create opportunities for many people, but it will also require a high level of demand from everyone." The Commonwealth Bank of Australia is the largest bank in Australia, with over 50,000 employees. He stated that in the coming months, the bank will launch new AI-based services for retail and business customers. Currently, banks around the world are working on integrating new technologies into their workflows and customer service. He mentioned that while job reductions are a likely reality, many existing employees will use this technology to find new opportunities, and new positions may emerge.