JPMorgan to Expand AI Use in All Banking Processes, Says CEO

Jamie Dimon, CEO of JPMorgan Chase & Co., has stressed that the bank is intensively investing in Artificial Intelligence (AI) implementation in all banking operations. In a new season of the Bloomberg Originals series “The Circuit,” Dimon said that AI is a transformative technology in banking, like the steam engine and the Internet. He looks forward to major AI developments that will enable him to expand into such areas as trading, equity hedging, and customer service.