German telecommunications company Deutsche Telekom has announced it expects to save €2.5 billion by 2030 through the use of Artificial Intelligence (AI).
According to data presented by the company to investors, the estimated savings are €1.1 billion in 2027, rising to €2.5 billion by 2030. Part of the savings planned for 2027 will be allocated to digital transformation and the expansion of the fiber optic network in Germany.
Deutsche Telekom also anticipates that new AI-based services will drive growth in the consumer segment. CEO Tim Höttges stated that AI "makes our networks even better and smarter, our service more personalized, and opens up new business models." The company already uses AI in areas such as network management, customer service, software development, and administrative processes.
