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The Guardian - AU
The Guardian - AU
National
Luca Ittimani Business and economics reporter

‘We are teaching the machine to take our job’: Banks bet big on AI as thousands of jobs cut

Dhanushi Jayatileka in a garden
Dhanushi Jayatileka says says she is one of many workers to unofficially lose her job to AI. Photograph: Blake Sharp-Wiggins/The Guardian

Two months ago, the Commonwealth Bank announced plans to replace 45 customer service workers with an artificial intelligence chatbot before later backtracking and reversing the decision.

But across the financial services and banking sector, the use of AI is soaring and thousands of jobs have been cut – though the connection is rarely officially made. It’s part of a trend that is reshaping the nation’s labour market behind closed doors

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