Jamie Dimon says JPMorgan spends $2B a year on AI – and still breaks even
1. JPMorgan spends $2 billion annually on AI, breaking even with savings. 2. Dimon cites billions in cost savings from AI, calling it just the beginning. 3. AI could impact nearly 100 million US jobs within a decade, warns Dimon. 4. Dimon disapproves of the government shutdown, seeing no long-term market impact. 5. He supports less frequent earnings reports for public companies.