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Westpac to Cut 1,500 Jobs in 2025 as Bank Accelerates AI and Digital Transformation
Workforce Impact TheDayAfterAI News Workforce Impact TheDayAfterAI News

Westpac to Cut 1,500 Jobs in 2025 as Bank Accelerates AI and Digital Transformation

Westpac Banking Corporation is set to cut around 1,500 jobs as part of its “Unite” strategy to streamline operations and boost investment in artificial intelligence. The redundancies, representing about 5% of the workforce, follow rising costs and profit pressures. The Finance Sector Union has voiced concerns about the move’s impact on staff and communities.

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OpenAI Signs USD 38 Billion AWS Deal in Strategic Cloud Expansion
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World Bank: 40% of ChatGPT Traffic From Developing Economies Despite 77% Compute Gap
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153,074 U.S. Job Cuts in October, With 31,000 Linked to AI: Workplace Shift Accelerates
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WTO Lifts 2025 Trade Growth Forecast to 2.4% as AI Demand Boosts Global Commerce
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Bloomberg Integrates 50B-Parameter BloombergGPT Into Terminal for Faster Financial Insight
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AI Index Outpaces Markets in 2025 as Global Investment Surges Past US$250 Billion
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Keystone Partners: AI Could Expose 300 Million Jobs to Automation
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Stanford HAI Releases 2025 AI Index Report Highlighting Advances and Disparities
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Justice Kagan Praises AI Tool Claude for Supreme Court Case Analysis
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HeyGen Relocates Headquarters from China to U.S. Amid Geopolitical Pressures
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Manus AI Relocates to Singapore, Cuts China Staff Amid U.S. Tech Tensions
AI Outperforms 93% of Fund Managers with 6X Higher Gains
AI Outperforms 93% of Fund Managers with 6X Higher Gains
Amazon CEO: AI to Reshape Jobs and Reduce Corporate Workforce in Coming Years
Amazon CEO: AI to Reshape Jobs and Reduce Corporate Workforce in Coming Years
Goodman Group Leads US$2.7B Data Centre Push to Power AI Growth in Hong Kong
Goodman Group Leads US$2.7B Data Centre Push to Power AI Growth in Hong Kong
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AI to Add US$15.7 Trillion to Global Economy by 2030, But Challenges Remain
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Chinese Markets Surge on AI Innovation as Trade Tensions and Deflation Cloud Outlook
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Goodman Group Accelerates AI Data Center and Warehouse Expansion Across Australia
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Australia Expands Use of AI to Tackle Predatory Lending and Protect Vulnerable Borrowers
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Citi Launches AI Tools for Hong Kong Staff to Boost Internal Efficiency
Westpac to Cut 1,500 Jobs in 2025 as Bank Accelerates AI and Digital Transformation
Westpac to Cut 1,500 Jobs in 2025 as Bank Accelerates AI and Digital Transformation
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Hong Kong Invests HK$1 Billion in AI, Plans 10,000 Civil Service Job Cuts to Address Deficit
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Microsoft Lays Off 7,000 Employees to Advance US$80 Billion AI Investment Amid Industry Shift
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Foxconn Revises 2025 Outlook: AI Server Demand Soars Amid Currency and Trade Uncertainty
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AI Boosts JPMorgan’s Client Advisory Services, Driving 20% Sales Growth

Investments & Strategies

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OpenAI Signs USD 38 Billion AWS Deal in Strategic Cloud Expansion
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Manus AI Faces Heat Over Unpredictable Credit Costs After USD 75M Benchmark Fund
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US$350B AI Data Centre Boom Reshapes U.S. Economy as Power Demand Surges
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AI Index Outpaces Markets in 2025 as Global Investment Surges Past US$250 Billion
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HeyGen Relocates Headquarters from China to U.S. Amid Geopolitical Pressures
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Manus AI Relocates to Singapore, Cuts China Staff Amid U.S. Tech Tensions
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AI Outperforms 93% of Fund Managers with 6X Higher Gains
Goodman Group Accelerates AI Data Center and Warehouse Expansion Across Australia
Goodman Group Accelerates AI Data Center and Warehouse Expansion Across Australia
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Microsoft Surpasses Q3 Earnings Estimates as AI and Cloud Drive Strong Growth
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Apple Faces Federal Lawsuit Over iPhone 16 AI Advertising Claims
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AI Projected to Add US$22.3 Trillion to Global Economy by 2030, IDC Finds
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Intel Foundry Eyed by TSMC, Nvidia, AMD & Broadcom in AI Chip Deal
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Apple-Alibaba AI Alliance: Boosting Revenue or a Privacy Concern?
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How AI Tools Are Revolutionizing Personal Finance and Wealth Management
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Trump’s $500 Billion AI Investment Fuels Growth in Blockchain and AI Cryptocurrencies
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Telstra and Accenture Forge $700 Million AI Partnership
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Hewlett Packard Enterprise Secures $1 Billion AI Server Contract with Elon Musk's X
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Amazon Deepens Generative AI Strategy with $4 Billion Investment in Anthropic
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OpenAI Appoints Chief Economist: Dr. Ronnie Chatterji to Lead AI’s Economic Transformation
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TSMC’s AI Chip Demand Fuels 42% Profit Surge in Q3 Amid Global Expansion
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Global Economy

Workforce Impact

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Cypher IQ Launches AI based Scan and Filing Tool Aimed at Managed Print Providers
Cypher IQ Launches AI based Scan and Filing Tool Aimed at Managed Print Providers
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Gemini 3.0, GPT-5.1 & Grok 4.1: New AI Tools Cut Research Time by 50%
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Bloomberg Integrates 50B-Parameter BloombergGPT Into Terminal for Faster Financial Insight
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Justice Kagan Praises AI Tool Claude for Supreme Court Case Analysis
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Goodman Group Leads US$2.7B Data Centre Push to Power AI Growth in Hong Kong
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Australia Expands Use of AI to Tackle Predatory Lending and Protect Vulnerable Borrowers
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Citi Launches AI Tools for Hong Kong Staff to Boost Internal Efficiency
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AI Boosts JPMorgan’s Client Advisory Services, Driving 20% Sales Growth
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OpenAI Launches Flex Processing: Lower API Costs for o3 and o4-mini with Trade-Offs
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AI Boosts Sales and Confidence for Canadian Small Businesses, GoDaddy Study Finds
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CommBank Opens Seattle Tech Hub to Expand AI Capabilities and Collaborate with Global Tech Leaders
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McDonald’s Uses AI to Upgrade 43,000 Restaurants
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The Symbiotic Evolution of Artificial Intelligence and Cryptocurrency
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Meta’s AI Characters: Shaping the Future of Social Media Engagement
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Chainlink’s AI & Blockchain Initiative: Transforming Financial Data Processing for FMI Leaders
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AI Takes the Helm: Can Generative AI Really Replace Human CEOs?
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IKEA's AI Vision and Smart Light Dilemma: Innovation Meets Roadblocks in Hong Kong
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IBM's AI Boom: Navigating Shifts in Consulting and Software Demand
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US & Australia Lead New 25-Page Guide to Secure AI in Critical Infrastructure
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Australia’s First National AI Plan: AUD 29.9M for New Safety Institute
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AI in Democracy: 150,000 Votes in Tokyo and 55% Legal Adoption in Brazil
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As Global AI Usage Hits 800M, Hong Kong Faces Access Restrictions
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10,000 Users Rate Political Bias Across 24 Major AI Models

Technology & Innovation

Technology & Innovation
OpenAI, NEXTDC Plan 550MW Sovereign AI Campus in Sydney
OpenAI, NEXTDC Plan 550MW Sovereign AI Campus in Sydney
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Meta Hires Apple VP Alan Dye as Smart Glasses Shipments Double in 2025
Yann LeCun Ends 12-Year Meta Run to Launch New AI Startup
Yann LeCun Ends 12-Year Meta Run to Launch New AI Startup
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Fibocom Launches 8-Core USB AI Dongle for On-Device LLMs on PCs
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Hong Kong Fire: 128 Dead, 11 Arrested in Tai Po Tower Blaze Inquiry

Environment & Science

Environment & Science
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Hybrid AI Method Samples Rare Heatwaves 30-300x Faster Than Standard Models
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New Artificial Neurons Mimic Biology with 60mV Signals to Cut AI Power
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AI Robot Guides Great Barrier Reef Coral Seeding with 77.8% Accuracy
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Google Explores Space-Based AI with 81-Satellite Solar Clusters
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New AI Tool Cuts Data Center CO2 by 45% and Extends Server Life by 1.6 Years

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Australia’s First National AI Plan: AUD 29.9M for New Safety Institute
Google Explores Space-Based AI with 81-Satellite Solar Clusters
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