CommBank Expands AI Partnership With Anthropic

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CommBank Expands AI Partnership With Anthropic

Commonwealth Bank of Australia (CBA) has announced an expanded partnership with Anthropic, focusing on artificial intelligence (AI) safety and research. This collaboration aims to enhance CBA's AI capabilities, transforming customer experiences and supporting staff. The partnership will also provide opportunities for CBA engineers to work closely with Anthropic's AI experts.

Gavin Munroe, CBA's Group Chief Information Officer, emphasized the potential of AI to personalize banking experiences and combat fraud. The partnership is designed to strengthen CBA's in-house technology capabilities while ensuring the highest standards of safety and security. Krishna Rao, Anthropic's CFO, highlighted the shared commitment to developing powerful AI that delivers meaningful value to customers.

• CBA expands partnership with Anthropic to enhance AI capabilities.

• Focus on AI safety and personalized customer experiences emphasized.

Key AI Terms Mentioned in this Article

Artificial Intelligence (AI)

AI refers to the simulation of human intelligence in machines, enhancing customer experiences.

AI Safety

AI safety involves ensuring that AI systems operate reliably and ethically, protecting users from harm.

Large Language Model

A large language model, like Claude from Anthropic, processes and generates human-like text based on input.

Companies Mentioned in this Article

Commonwealth Bank of Australia

CBA is leveraging AI to transform banking experiences and enhance customer service.

Anthropic

Anthropic specializes in AI safety and research, developing reliable AI systems like Claude.

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