The Denominator Your AI Board Pack Is Missing
Commonwealth Bank booked $200 million of gross AI benefit in FY26 against $13.6 billion of operating expenses, and grew headcount. That is 2.9 per cent, it is the only board-testable AI number the ASX produced this profit season, and the honesty of the framing is the part directors should be copying.
One boardroom question
What is our AI benefit as a percentage of our operating cost base, gross and net of AI spend, and if management cannot state that today, what exactly have we been approving?

