Citigroup (C) has poached IBM (IBM) executive Shobhit Varshney to become its new head of AI, Business Insider’s Reed Alexander reports. The appointment builds on Citi’s previous announcement of a new AI leadership team this summer. At IBM, Varshney has served as the head of data and AI for the company’s consulting business. “With Shobhit’s leadership, we will accelerate the hard work that has been underway for more than a year to integrate the power of AI into Citi’s strategy and operations,” Citi COO Anand Selva wrote in a note to employees. “Our firmwide goals are clear: responsibly build AI capabilities that enhance the client and colleague experience, strengthen internal controls and boost internal productivity.”
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