AI cost savings match money spent: Dimon
Jamie Dimon said JPMorgan Chase spends $2 billion a year on developing AI technology, and saves about the same amount annually from the investment. “We know that it’s got to billions of cost savings and I think it’s the tip of the iceberg,” the bank’s CEO said on Tuesday. Dimon has consistently touted the opportunities offered by AI, even if it eliminates some jobs.
