JPMorgan's Dimon Minimizes AI Impact Concerns

Deep News
7小時前

JPMorgan Chase CEO Jamie Dimon stated that concerns over artificial intelligence, which significantly impacted the bank's stock price on Monday, are exaggerated. He emphasized that the largest U.S. bank intends to leverage the technology to its advantage. "We're going to be a winner, in my view," Dimon remarked, while his left hand was in a cast due to treatment for arthritis and bone spurs. "We've always had a strategy of using technology to provide better service for our clients, and we've done a pretty good job of that." On Monday, shares of JPMorgan and several other financial services companies experienced sharp declines amid market worries that AI could disrupt their business models. A widely circulated report released on Sunday by Citrini Research outlined hypothetical scenarios for how AI might transform the economy, including everyday payments, which negatively affected the stock prices of companies that profit from payment processing. American Express shares fell approximately 7%, while JPMorgan, Citigroup, and Morgan Stanley each dropped more than 4%. Mastercard declined nearly 6%, and Visa decreased over 4%.

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