JPMorgan Chase is set to significantly expand its use of artificial intelligence (AI) across all banking processes, according to CEO Jamie Dimon. In an interview for Bloomberg’s “The Circuit,” Dimon emphasized the bank’s commitment to investing heavily in AI technology to drive transformation in the industry. Drawing parallels with previous game-changing innovations like the steam engine and the internet, Dimon expressed his excitement for the potential AI brings to revolutionize areas such as trading, equity hedging, and customer service. This move by JPMorgan is a clear indication of its determination to leverage advanced technology to deliver improved banking services and stay ahead in an increasingly competitive industry.
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JPMorgan to Expand AI Use in All Banking Processes, Says CEO
