AI cost savings match money spent: Dimon

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AI cost savings match money spent: <h2>Dimon</h2> <p>” decoding=”async” fetchpriority=”high”/></p></div> </div> </div> </section> </div></div> </div> <p>Jamie Dimon said JPMorgan Chase spends $2 billion a year on developing AI technology, and saves about the same amount annually from the investment.</p> <p>“We know that it’s got to billions of cost savings and I think it’s the tip of the iceberg,” the bank’s CEO said on Tuesday.<!-- --> Dimon has consistently touted the opportunities offered by AI, even if it eliminates some jobs.<span class=

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