Standard Bank opts to be a ‘fast follower’ on generative AI
It will have huge commercial, economic and social implications, chair Nonkululeko Nyembezi says
03 April 2024 - 05:00
Standard Bank, Africa’s largest lender by assets, will this year explore the deployment of artificial intelligence (AI) in its operations. It is not looking to be a pioneer in the space, but is positioning itself to be a “fast follower’’.
The bank’s chair, Nonkululeko Nyembezi, said in a letter to shareholders published in the group’s annual report that the group will this year be exploring biodiversity and AI...
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