SHIFT · US
Citi Wealth signals sustained AI spending despite macroeconomic headwinds
Citi Wealth's research team says AI investment cycles are still early-to-middle stages and worth continued spending, pushing back on bubble warnings. They cite rising rates, open-source model competition, and regulatory scrutiny as constraints, but not deal-breakers.
WHY IT MATTERS
Large bank public commitment to multi-year AI capex despite higher cost of capital signals market confidence to investors and shapes competitive AI arms-race expectations across BFSI.
Source: PYMNTS · 2026-10-07