Nubank's AI Model Drives Growth in Net Interest Income

Nubank has reported a significant increase in its net interest income, attributing this growth to its advanced AI model. Bloomberg posted on X that the Brazilian digital bank's AI technology has enhanced its ability to assess credit risk and optimize lending strategies. This development has allowed Nubank to expand its customer base and improve its financial performance. The AI model's efficiency in processing vast amounts of data has been pivotal in refining the bank's operations and boosting profitability. As a result, Nubank continues to strengthen its position in the competitive financial sector, leveraging technology to drive innovation and growth.