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Citigroup CEO Jane Fraser acknowledges that while artificial intelligence is transforming industries, there’s significant market exuberance that may not be entirely justified.
“There is a lot of hype in tech at the moment in the AI space. And some of it
Quick Insights
Jane Fraser believes some AI market hype is earned but much is exaggerated, indicating that current enthusiasm may not be fully justified for tech investors.
Fraser believes scaled technology companies able to invest quickly are more likely to benefit from AI investment, suggesting market consolidation favoring large, established players.
Citigroup deploys AI tools to 180,000 employees for tasks like drafting performance evaluations and credit memos, resulting in notable productivity gains and improved client experience.
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Citigroup CEO: AI hype “earned” but “exuberant” as Tech markets face volatility
