On September 21, Societe Generale plans to introduce artificial intelligence (AI) technology and automate processes in its investment banking division to enhance profitability. The bank aims to further cut costs over the next three years, with a goal of reducing the cost-to-income ratio of its global banking and investor services division to below 60% by 2029, down from the current target of 65%. Meanwhile, the bank also seeks to increase investment banking and trading revenues. Societe Generale expects average annual revenue growth of about 3% over the next three years and plans to raise its return on tangible equity (ROTE) to 13%-14% by 2029. To achieve these goals, the bank will reduce IT spending and procurement costs, and leverage AI technology to cut expenses. Additionally, the bank plans to reduce its workforce through 'natural attrition,' though no specific figures were disclosed.