Banking On AI For Efficiency - No Matter Which Way The Regulatory Winds Are Blowing
Hitachi Vantara, Monday, June 2nd, 2025
Efficiency is all over the news lately. The new administration is pushing to 'radically improve government efficiency,' and industry giants tech like Meta and Tesla have announced layoffs and even gone as far as to encourage staff to drop from meetings in the name of efficiency.
The world's top financial services firms are running the numbers too, and investment in AI is promising. Citigroup's CEO just reiterated her commitment to the company's $1 billion efficiency push, and JPMorgan Chase has been forthcoming about its technology goal: Innovation with cost control.
To many people, the word efficiency means cutting spending on things that are not important. But efficiency also sometimes is used to signal a desire for or move to less regulatory oversight.