Citi Used Generative AI to Read 1,089 Pages of New Capital Rules
- Bank set up AI task forces, started pilot program for coders
- Wall Street races to adopt technology to improve efficiencies
Citigroup Inc. headquarters in New York.
Photographer: Daniel Acker/Bloomberg
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Citigroup Inc. is planning to grant the majority of its over 40,000 coders access to generative artificial intelligence as Wall Street continues to embrace the burgeoning technology.
As part of a small pilot program, the Wall Street giant has quietly allowed about 250 of its developers to experiment with generative AI, the technology popularized by ChatGPT. Now, it’s planning to expand that program to the majority of its coders next year.