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JPMorgan Chase spends $2 billion yearly on AI, saving similarly by boosting efficiency and reshaping jobs.
JPMorgan Chase CEO Jamie Dimon revealed the bank spends $2 billion annually on AI, generating similar annual savings through efficiency gains and cost reductions.
The technology, used by 150,000 employees weekly via an internal large language model, supports operations from risk management to customer service.
Dimon emphasized AI’s role in transforming banking, boosting productivity, and reshaping jobs, calling for worker retraining.
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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JPMorgan Chase gasta 2 mil millones de dólares al año en IA, ahorrando de manera similar al aumentar la eficiencia y remodelar los empleos.