SHIFT · GLOBAL
Citi flags open-source AI as emerging strategy as proprietary model access tightens
Citi sees open-source AI models as a strategic hedge as access to cutting-edge proprietary models (from OpenAI, Anthropic, Google) becomes more restricted. Banks may shift workloads to permissively-licensed models like Meta's Llama.
WHY IT MATTERS
Signals industry-wide shift toward open-source models for cost and autonomy. Pressure on frontier labs to monetize or risk losing BFSI customers to cheaper, privacy-preserving alternatives.
Source: Yahoo Finance UK · 2026-06-29