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Citigroup Plans To Slash IT Contractors, Hire Staff To Improve Controls

3 months 2 weeks ago
An anonymous reader shares a report: Citigroup plans to dramatically reduce its reliance on IT contractors and hire thousands of employees for IT as the lender grapples with regulatory punishments over data governance and deficient controls. Citigroup's head of technology Tim Ryan told staff in recent weeks that the bank aims to cut back external contractors to 20% of those working in IT from the current 50%, according to an internal presentation to employees seen by Reuters. The briefing did not give a precise time horizon for the changes. As part of the overhaul, Citi will replenish the ranks by hiring more staff, and aims to have 50,000 employees in technology, up from 48,000 in 2024, the presentation showed. "Citi is growing our internal technology capabilities to support our strategy to improve safety and soundness, enable revenue growth and drive efficiencies," Citi said in a statement to Reuters.

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Google's Gemini AI Can Now See Your Search History

3 months 2 weeks ago
Google is continuing its quest to get more people to use Gemini, and it's doing that by giving away even more AI computing. From a report: Today, Google is releasing a raft of improvements for the Gemini 2.0 models, and as part of that upgrade, some of the AI's most advanced features are now available to free users. You'll be able to use the improved Deep Research to get in-depth information on a topic, and Google's newest reasoning model can peruse your search history to improve its understanding of you as a person. [...] With the aim of making Gemini more personal to you, Google is also plugging Flash Thinking Experimental into a new source of data: your search history. Google stresses that you have to opt in to this feature, and it can be disabled at any time. Gemini will even display a banner to remind you it's connected to your search history so you don't forget.

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