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Société Générale to invest 600M euros in AI
French Société Générale Bank plans to allocate between €574.2 million and €600 million by adopting artificial intelligence technologies to improve efficiency and reduce costs, with the aim of enhancing its profitability through 2029. Opportunities for savings include automated reporting, performance indicator monitoring, and cutting programming expenses. The bank is focusing on partnering with the American company Anthropic to achieve these goals, as part of a strategy to improve financial performance and reduce its workforce.
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