In the inaugural podcast episode of Citi Wealth's "The Short and Long," Chief Investment Officer Kate Moore brings together two industry professionals to examine how artificial intelligence is reshaping markets She welcomes: Heath Terry, Global Sector Head of Technology and Communications Research at Citi Research, and Jordi Visser, Head of AI Macro Nexus Research for 22V for a focused discussion on what comes next. Key discussion points include: The unprecedented pace of AI: The group debates whether markets fully reflect the speed and scale of AI development and its disruptive potential. Big tech vs. agile startups: The discussion explores the competing advantages of large, well-resourced companies versus nimble, fast-moving startups. Industry disruption: The group explains how AI is set to reshape software business models and accelerate competition. Actionable insights: The conversation emphasizes the need to challenge assumptions, question consensus, and refine decision-making frameworks.   INVESTMENT PRODUCTS: NOT FDIC INSURED – NOT CDIC INSURED – NOT GOVERNMENT INSURED – NO BANK GUARANTEE – MAY LOSE VALUE   This Communication is prepared by Citi Wealth Investments (“CWI”) which is comprised of the investments and capital markets capabilities that are provided to Citi Private Bank, Citi Global Wealth at Work, and Citi Personal Wealth Management.   Citi Private Bank, Citi Global Wealth at Work, and Citi Personal Wealth Management are businesses of Citigroup Inc. (“Citigroup”), which provide clients access to a broad array of products and services available through bank and non-bank affiliates of Citigroup. Not all products and services are provided by all affiliates or are available at all locations. In the U.S., investment products and services are provided by Citigroup Global Markets Inc. (“CGMI”), member FINRA and SIPC, Citi Private Alternatives, LLC (“CPA”), member FINRA and SIPC. CPA acts as distributor of certain alternative investment products to certain eligible clients’ segments. CGMI accounts are carried by Pershing LLC, member FINRA, NYSE, SIPC. Investment management services (including portfolio management) are available through CGMI, Citibank, N.A. and other affiliated advisory businesses. Insurance is offered through Citigroup Life Agency LLC (“CLA”). In California, CLA does business as Citigroup Life Insurance Agency, LLC (license number 0G56746).  CGMI, CPA, CLA and Citibank, N.A. are affiliated companies under the common control of Citigroup. Outside the U.S., investment products and services are provided by other Citigroup affiliates. Investment Management services (including portfolio management) are available through CGMI, Citibank, N.A. and other affiliated advisory businesses. These Citigroup affiliates will be compensated for the respective investment management, advisory, administrative, distribution and placement services they may provide.   Views, opinions and estimates expressed herein may differ from the opinions expressed by other Citi businesses or affiliates and are not intended to be a forecast of future events, a guarantee of future results, or investment advice, and are subject to change without notice based on market and other conditions. Citi is under no duty to update this Communication and accepts no liability for any loss (whether direct, indirect or consequential) that may arise from any use of the information contained in or derived from this Communication   © 2026 Citigroup Inc., Citi, Citi and Arc Design and other marks used herein are service marks of Citigroup Inc. or its affiliates, used and registered throughout the world. Important Disclosures: https://www.citigroup.com/rcs/citigpa/storage/public/Citi_Wealth_OCIO_Disclosures.pdf View other Citi videos: http://www.youtube.com/citi Like us on Facebook: http://www.facebook.com/citi Follow us on Twitter: http://www.twitter.com/citi Follow us on LinkedIn: http://www.linkedin.com/company/citi Follow us on Instagram: http://www.instagram.com/citi

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