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Customers Bank Collaborates With OpenAI to Deploy AI Across Commercial Banking
Customers Bancorp (CUBI) said Monday its bank subsidiary, Customers Bank, is deploying artificial intelligence across its commercial banking operations through a multiyear strategic collaboration with Microsoft-backed (MSFT) OpenAI.The collaboration will involve direct onsite engagement with OpenAI's technical teams and resources, rather than off-the-shelf AI tools, to build custom AI capabilities on the bank's processes, data and institutional knowledge, according to a statement.Financial terms of the collaboration were not disclosed.Price: $77.91, Change: $+3.53, Percent Change: +4.75%
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