JPMorgan’s Dimon Says AI Cost Savings Now Matching Money Spent

Jamie Dimon says JPMorgan spends $2B a year on AI – and still breaks even

Jamie Dimon said Tuesday that JPMorgan Chase now spends about $2 billion a year on artificial intelligence – and breaks even on the investment thanks to savings the tech has created.

JPMorgan’s Dimon Says AI Cost Savings Now Matching Money Spent

Jamie Dimon said JPMorgan Chase & Co. spends $2 billion a year on developing artificial intelligence technology, and saves about the same amount annually from the investment.