JPMorgan Positions AI As Strategic Investment

JPMorgan executives, led by CEO Jamie Dimon and CFO Jeremy Barnum, said in a recent presentation that artificial intelligence is a central component of the bank’s competitive strategy and client engagement. They cited a multiyear AI program with doubled production use cases, a projected $19.8 billion technology budget (about $1.2 billion more for major projects), and reiterated risk discipline with card net charge-offs near 3.4%.