Citigroup's AI usage frees up 100,000 hours for developers a week
Tweet
Share
E-mail
Jane Fraser, Chief Executive Officer of Citi, looks on during the Global Financial Leaders' Investment Summit, in Hong Kong, China November 7, 2023. REUTERS/Tyrone Siu
NEW YORK (Reuters) -Citigroup CEO Jane Fraser said the company's use of artificial intelligence has saved time and allowed it to free up 100,000 hours of weekly capacity for software developers.
Almost 180,000 of the bank's employees in 83 countries have access to Citi's internal AI tools, she told analysts on an earnings call on Tuesday.
(Reporting by Tatiana Bautzer in New York and Pritam Biswas in Bengaluru; Editing by Lananh Nguyen and Mark Porter)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Investing.com’s stocks of the week
- Freedom Broker Downgrades PBF Energy (PBF) to Sell
- Pinnacle Bank (PBNK) Tops Q2 EPS by 25c
Create E-mail Alert Related Categories
ReutersRelated Entities
Citi, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
