Citigroup Inc.’s Michael Corbat, who took over as chief executive officer less than two months ago, will cut more than 11,000 jobs and pull back from some emerging markets to drive down costs as revenue dries up at global banks.
21:24 - Bloomberg's Mark Crumpton reports on a warning from Elon Musk, Stephen Hawking and other science and tech experts on the use of AI in a glonal arms race. Crumpton speaks on "Bloomberg Markets." (Source: Bloomberg)
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