Citigroup's AI usage frees up 100,000 hours for developers a week
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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)
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