Citigroup partners with Google Cloud for multi-year financial infrastructure enhancement.

Citigroup has formed a multi-year partnership with Google Cloud to enhance its financial infrastructure, aiming to improve product customization and meet evolving consumer needs. The collaboration includes migrating applications to Google Cloud and utilizing its Vertex AI platform to develop AI-driven financial tools. This initiative is part of Citigroup's broader AI strategy, amidst predictions that 56% of banking jobs may be affected by AI. Citigroup's stock rose 1% following the announcement.

October 28, 2024
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