Citi analyzes AI's effect on emerging market growth divide
The report notes only a few emerging economies benefit directly, and adoption barriers could widen productivity gaps.
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Global banking and financial services provider
citigroup.comLast updated
In short: Citi reported its highest quarterly revenue in a decade with net income up 45%, despite market concerns regarding expenses and layoffs.
The report notes only a few emerging economies benefit directly, and adoption barriers could widen productivity gaps.
It streamlines invoice approval and payables, providing faster financing and transparency for buyers and suppliers.
The report highlights $647 billion in sustainable finance, halfway to $1 trillion, and new 2030 operational goals.
Investment supports Citi’s Blueprint for Housing Opportunity, a $60 billion initiative to enhance U.S. housing affordability.
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