Santander taps Nvidia AI to cut costs, improve performance
Bank uses smaller, specialized AI models to reduce expenses
Banco Santander is expanding its AI collaboration with Nvidia after developing specialized AI models that significantly reduce operating costs while improving performance in banking applications. The bank, based in Madrid, reduced AI model-serving costs from about 5 euros (5.6 cents) per interaction to 3.4 cents in selected experimental use cases, according to Santander’s release today. […]
