Not enough AI investment would be ‘disservice’ to CapOne shareholders
Bank realized $1.8B of cost savings, revenue from Discover merger YTD
Capital One aims to keep spending heavily on AI, even as its Discover integration begins producing the savings investors have been waiting for. Pulling back on AI spending would be “really a disservice to our investors,” Chief Executive Richard Fairbank said during the bank’s third-quarter earnings call Oct. 20. The $662 billion bank reported about $1.8 […]
