JPMorgan's $9B bet on AI: 'Help us god,' says CEO Jamie Dimon; here's why he's worried
JPMorgan CEO Jamie Dimon is doubling down on tech spending, refusing to cut back despite a planned $9 billion increase by 2026. He stressed that falling behind in technology means losing to fintech rivals. While acknowledging competitive sensitivity, Dimon revealed their $2 billion AI investment is already breaking even, calling it just the beginning.
JPMorgan CEO Jamie Dimon is doubling down on tech spending, refusing to cut back despite a planned $9 billion increase by 2026. He stressed that falling behind in technology means losing to fintech rivals. While acknowledging competitive sensitivity, Dimon revealed their $2 billion AI investment is already breaking even, calling it just the beginning.
