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Itaú buys NeoSpace for a year of Brazilian banks' AI budget
Itaú Unibanco paid R$ 2.92 billion for NeoSpace AI, almost what all Brazilian banks set aside for AI in a year.
Brazilian banks are expected to invest about R$ 3 billion in AI, analytics and big data in 2026, up 8%. A single company is worth 97% of that.
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Orçamento de IA inclui analytics e big data. Fonte: Febraban | Projeções e análise W Fintechs
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