Sam Altman centre stage at CBA's AI conference; Banks react to negative gearing.

OpenAI CEO Sam Altman's giant pixelated head looming over CBA chief executive Matt Comyn at the bank's inaugural AI summit is a somewhat honest depiction of Australia’s place in the global AI economy at present. While CBA wants to lead Australia’s AI race, technology giants are still the ones wielding the power.Meanwhile, in the aftermath of the federal budget the big four banks and Macquarie have called time on negative gearing, folding to intense pressure and formally tightening policies around lending to investors using the tax break.We discuss:Sam Altman's appearance at CBA’s AI conference and his mixed messages The impending collision between CBA's war on extractive US tech and its deepening AI partnershipsWhether Altman's pitch for Australia as a data centre superpower is an honest vision or consolation prizeCBA and Westpac as the hardest hit banks from the negative gearing changesWhy the banks are rolling over on negative gearingShifting political sentiment on housing affordability and negative gearingOn The Call is a weekly live conversation with the Capital Brief newsroom on the stories driving the agenda in Australia's centres of power.Host Harshdeep Kaur sits down with Capital Brief's best journalists to dissect what we're watching and why it matters, and answer questions from our subscribers live.Subscribe to join our weekly live discussion on Thursdays at 12pm AEST: https://www.capitalbrief.com/on-the-call/Sign up to our free weekly newsletter, The Edition: https://www.capitalbrief.com/newsletters/the-edition/