Commonwealth Bank investigates $1 billion AI fraud crisis | 7NEWS
Автор: 7NEWS Australia
Загружено: 2026-02-26
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The Commonwealth Bank is investigating up to $1 billion in potentially fraudulent home loans involving AI-generated forgeries, as major Australian companies including Afterpay and WiseTech announce thousands of job cuts due to AI automation. Professor Toby Walsh from UNSW's AI Institute warns that Australia lacks adequate regulations to protect against AI-related harms, despite the technology's growing influence across financial services, employment, and military applications. The discussion covers the urgent need for regulatory frameworks, workforce reskilling, and international safeguards as AI systems demonstrate increasingly concerning capabilities in warfare simulations.
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