Tech
Commonwealth Bank replaces workers with AI, faces backlash
Commonwealth Bank faces backlash for replacing Aussie workers with AI and offshore staff after cutting 90 frontline jobs
Commonwealth Bank faces backlash for replacing Aussie workers with AI and offshore staff after cutting 90 frontline jobs
– Commonwealth Bank faces backlash for cutting 90 jobs, citing AI and offshore labour.
– The FSU demands retraining for affected workers instead of job replacements.
The FSU has stated that affected employees should receive retraining rather than being replaced for cost-saving measures.
FSU National Secretary Julia Angrisano condemned the decision, emphasising the need for collaboration between the bank and workers when introducing new technology. She highlighted the expectation of support for employees adapting to advancements like AI.
Recent discussions between the FSU and Commonwealth Bank reflect ongoing tensions regarding job cuts linked to technology and offshoring. Despite the backlash, a bank spokesperson noted the hiring of over 9,000 employees in the 2025 financial year while maintaining 450 open roles in retail banking.
Employment Impacts
Concerns persist about AI’s dual role in job creation and loss, with estimates predicting 83 million jobs could vanish over the next five years.
Tech
Apple’s AI wearable push: Cameras, speakers and a 2027 vision
Apple is developing an AI-powered wearable device, aiming for a launch of 20 million units in the growing AI market.
Apple is developing an AI-powered wearable device, aiming for a launch of 20 million units in the growing AI market.
Apple is reportedly developing an AI-powered wearable device equipped with cameras and speakers, signalling its next major move into artificial intelligence-driven hardware.
While still in early development, the company is said to be planning a launch scale of up to 20 million units.
This move places Apple squarely into the fast-growing AI wearable market, where tech giants are racing to define what hands-free, AI-first devices will look like. Rather than rushing to market, Apple appears to be taking a measured approach by embedding AI capabilities into its existing ecosystem.
Reports suggest Apple is also experimenting with camera-equipped AirPods and smart glasses, with a potential launch timeline around 2027. If successful, these devices could reshape how users interact with AI in everyday life.
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Tech
AI spending in 2026: Why investment is compounding, not just cyclical
As 2026 begins, AI investment debates rise; real revenue growth signals pivotal changes for tech adoption and future trends.
As 2026 begins, AI investment debates rise; real revenue growth signals pivotal changes for tech adoption and future trends.
As we kick off 2026, the debate around AI spending is heating up. Skeptics warn of cyclical hype, but new evidence suggests that AI investment is delivering real revenue and gaining traction across enterprises. Brad Gastwirth from Circular Technologies breaks down why this year could be pivotal for AI adoption.
We dive into how AI spending today compares to previous tech booms, the impact of circular funding models, and why enterprise and sovereign demand are driving durable growth. Brad explains the compounding effect of AI investment and what it means for future technological development.
Finally, we explore the race toward AGI and ASI and the broader implications for the tech landscape. From skeptics to believers, understanding these trends is key for investors, businesses, and tech enthusiasts alike.
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Tech
TSMC posts record profits on AI chip boom
TSMC posts record Q4 profit, driven by strong chip demand, exceeding predictions and signaling market dominance.
TSMC posts record Q4 profit, driven by strong chip demand, exceeding predictions and signaling market dominance.
Taiwan Semiconductor Manufacturing Company (TSMC) has posted a record net profit for the fourth quarter, driven by strong demand for advanced chips.
Net profit surged 35% year-on-year, exceeding analyst expectations and signalling a dominant position in the semiconductor market.
Quarterly revenue also rose 20.5% compared to last year, supported by robust sales in AI and high-performance computing segments. The company’s success reflects the growing global appetite for cutting-edge semiconductor technology.
Looking ahead, TSMC plans to ramp up capital expenditure, projecting investments of up to $56 billion in 2026. The positive results have sparked an upbeat reaction across global markets, highlighting TSMC’s influence in the tech sector.
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