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flag JPMorgan Chase spends $2 billion yearly on AI, saving similarly by boosting efficiency and reshaping jobs.

flag JPMorgan Chase CEO Jamie Dimon revealed the bank spends $2 billion annually on AI, generating similar annual savings through efficiency gains and cost reductions. flag The technology, used by 150,000 employees weekly via an internal large language model, supports operations from risk management to customer service. flag Dimon emphasized AI’s role in transforming banking, boosting productivity, and reshaping jobs, calling for worker retraining. flag His comments come amid broader corporate AI investments and skepticism over returns, with some firms struggling to justify high costs despite widespread adoption.

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