Fifth Third CEO: AI Writing 40% of Code

Fifth Third CEO Tim Spence says AI isn't hype. In fact, it's already writing 40% of his bank's code and helping double the company's size with fewer employees. He's seeing meaningful, long-term productivity gains and a faster path to growth. And he says the next phase is even bigger: AI that doesn't just support customers, but actually executes financial tasks on their behalf. Tim Spence joined Bloomberg Open Interest to talk about the AI revolution in banking.