Citigroup Assembles Banking Team Focused on AI Infrastructure

Citigroup Assembles Banking Team Focused on AI Infrastructure

(Bloomberg) — Citigroup Inc. has formed a group focused on the artificial intelligence infrastructure boom comprised of leaders from its investment banking and corporate banking teams.

Citigroup Aims to Help Bankroll $3 Trillion AI Infrastructure Buildout

Citigroup has assembled a team focused on helping the bank win more business advising and lending to investors and companies involved in the build-out of data centers, computing and other artificial intelligence infrastructure, Bloomberg reported Wednesday (Feb. 25). The bank estimates that this build-out will require $3 trillion of capital by 2030, according to the report. While Citigroup’s AI Infrastructure Banking team is made up of…