Deutsche Telekom sets $2.8 billion AI and automation savings target

First reported by Wall Street Journal at · Updated · 3 sources

The target covers indirect costs by 2030 compared with 2023, according to DigiTimes, citing Reuters, and amounts to about €2.5 billion. Separately, The Wall Street Journal reports that the telecommunications group expects AI to deliver around $1.24 billion in gross savings outside the United States by 2027.

Covered by 3 publishers within 28 hours of the first report.

Reporting3

Wall Street Journal Deutsche Telekom Bets on AI to Cut Costs, Boost Revenue · Dominic Chopping
DigiTimes Deutsche Telekom targets US$2.8 billion in savings as AI business grows · DIGITIMES
Light Reading Deutsche Telekom boss's 'AI optimism' isn't shared · Iain Morris