Jefferies accepts Westpac’s AI investment argument
Jefferies accepted Westpac’s contention that its AI investment shouldn’t be judged solely on performance metrics, citing factors including customer growth, deposit growth, lending growth and productivity.
Westpac's argument that its investment in artificial-intelligence technologies should not be judged solely on performance metrics is accepted at Jefferies, analyst Andrew Lyons said. Lyons said he agrees with the Australian bank's contention that customer growth, deposit growth, lending growth, productivity and…