PYMNTS

Citi Wealth Sees Long Runway for AI Spending Despite Bubble Warnings

The artificial intelligence buildout is still in its early-to-middle stages, Citi Wealth said in a report released Wednesday (Oct. 7). The AI investment cycle is facing greater scrutiny due to higher interest rates, increasingly capable open-weight models, regulatory pressure and rising infrastructure costs, the bank said in the report. At the same time, despite the […] The post Citi Wealth Sees Long Runway for AI Spending Despite Bubble Warnings appeared first on PYMNTS.com.

By PYMNTS

1 min read
Citi Wealth Sees Long Runway for AI Spending Despite Bubble Warnings
AI-generated illustration

Got news to share with the events industry?

Submit a press release or story tip and reach thousands of event professionals.

Get in touch→

More in Fintech & Digital Payments

Related Insights