Deutsche Telekom sees cost savings, revenue boost from AI rollout

Andreas Rentz German telecommunications giant Deutsche Telekom (DTEGY [https://seekingalpha.com/symbol/DTEGY]) said it expects to save billions of dollars by 2030 and generate additional revenue as it rolls out artificial intelligence across the entire company. The partially state-owned company expects AI and automation to generate gross savings of about €1.1B ($1.2B) outside the U.S. for 2027 compared to 2023, with around €2.5B (~$2.8B) in indirect cost savings by 2030. Deutsche Telekom (DTEGY [https://seekingalpha.com/symbol/DTEGY]), which owns a majority stake in T-Mobile US (TMUS [https://seekingalpha.com/symbol/TMUS]), expects AI-related savings of €100M-€150M euros between 2023 and 2027.