Citigroup's record third-quarter sales and 17% profit growth support its business outlook, and AI has cut technology-vendor spending. Cyber threats and AI costs remain, but the bank says AI benefits exceed spending and it regularly tests its defenses.
Stronger sales and profit, along with lower technology-vendor spending, point to better business results. The bank says AI's benefits already exceed what it has spent. Cyberattacks remain a danger, but Citigroup tests its defenses and updates its plans.
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