JPMorgan Chase is heavily investing in AI and machine learning, with CEO Jamie Dimon expressing optimism about the technology’s impact on the bank and the industry as a whole. The bank’s efforts in this area have caught the attention of other fintech startups, who are looking to replicate their success. Dimon believes that AI will have a significant impact on every job in banking and beyond, and is confident in its ability to improve operations and prevent fraud. However, he cautions against trying to justify the investment through traditional ROI calculations, as the benefits of AI may be difficult to quantify.
