#AIsystems

Could Spotify’s AI Algorithms Kill Off Australian Music and Radio

New research has analyzed more than two million tracks on Spotify and it suggests the platform’s AI‑driven recommendations may be narrowing what listeners hear and what artists get discovered. As streaming becomes the dominant way Australians consume music, some in the industry are asking whether algorithmic playlists are reshaping the landscape so dramatically that traditional …

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Commonwealth’s Bank’s $1Billion Loan Fraud Has Changed The Way We Trust Our Banks

Last week, the Commonwealth Bank hit the headlines after the bank reportedly says around A$1 Billion in home loans were obtained fraudulently also including through some AI Generated documents. According to the Australian Financial Review, this fraud was discovered last year by the big bank. There are growing concerns about verification systems and how the …

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