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المشهد العربي
Citigroup shares fall on AI investment plans
Shares of Citigroup declined by 5.24% after announcing a plan to increase investments in technology and artificial intelligence during the second half of the year, aiming to improve efficiency and reduce costs. CFO Gonzalo Luchetti indicated that the bank has incurred around $800 million since the beginning of the year due to layoffs, with additional ongoing costs expected, reflecting the bank's efforts to restructure and strengthen its technological orientation.
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