Saturday, November 30, 2024

The Commonwealth Bank of Australia says generative AI tools have helped it lower frauds by 30% and reduce call center customer wait times by 40% in 2024 (Harry Brumpton/Bloomberg)

Harry Brumpton / Bloomberg:
The Commonwealth Bank of Australia says generative AI tools have helped it lower frauds by 30% and reduce call center customer wait times by 40% in 2024  —  - Customer scam losses at Commonwealth Bank cut in half  — CEO Matt Comyn says many more AI use cases in development



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The Information : Sources: after five Thinking Machines staff left, investors are rattled, potentially impacting fundraising; two researc...