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. Jamie…
File photo: JPMorgan Chase & Co chief executive Jamie Dimon (Picture credit: AP) JPMorgan Chase & Co chief executive Jamie Dimon has said the bank’s workforce is likely to remain steady or even grow as artificial intelligence becomes more deeply embedded in its operations. His comments counter the widespread concern that automation will cause massive…
JPMorgan is hiring as part of its ambitious $1.5 trillion US “resiliency” plan, CEO Jamie Dimon announced on Monday.The bank is looking for financial specialists in defence, energy, artificial intelligence, and advanced manufacturing to help build an investment team. This team will deploy $10 billion in capital before the bank involves its bankers.“If you think…
JPMorgan economists Michael Feroli and Abiel Reinhart have raised concerns over the potential impact of President Donald Trump’s executive order introducing a $100,000 fee on new H-1B visa applications. Their report predicts that the policy could reduce the number of work authorisations in the US by up to 5,500 per month. This estimate is based…