AI will change the nature of jobs, create new ones: Citi CEO after tech layoffs
•Citi CEO Jane Fraser revealed the bank is navigating two major AI races: integrating the technology into business models for revenue growth and adapting to its impact on jobs.
•While acknowledging job dislocations and changes in job nature, Fraser highlighted AI's potential to augment human capabilities.
•Citigroup recently laid off 3,500 tech roles in China as part of a broader global workforce reduction aimed at streamlining operations and boosting profitability.
هذا الخبر من Times of India. خبر يقدم أدوات ذكاء اصطناعي للتلخيص والترجمة والاستماع.
Citi CEO Jane Fraser revealed the bank is navigating two major AI races: integrating the technology into business models for revenue growth and adapting to its impact on jobs. While acknowledging job dislocations and changes in job nature, Fraser highlighted AI's potential to augment human capabilities. Citigroup recently laid off 3,500 tech roles in China as part of a broader global workforce reduction aimed at streamlining operations and boosting profitability.المصدر: Times of India | Source: Times of India
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This article was originally published by Times of India. Khabr is a licensed Jordanian AI-powered news platform (Registration #82086). We add editorial value through: AI-powered news analysis, automated summaries, AI audio narration, multi-language translation (Arabic, English, French, Turkish), and AI fact-checking. Our mission is to make news more accessible and understandable for Arabic-speaking audiences worldwide.
