Exploring Jamie Dimon's perspective on the transformative potential of AI in banking and society, highlighting JP Morgan's technology investments and the impact of AI on job augmentation, efficiency, and regulatory concerns. Criticism of regulatory relationships, shareholder proxy firms, and a cautious outlook on the US economy's near-term challenges are also discussed.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Americas Finance Team Leader Sally Bakewell discusses the details of JPMorgan CEO Jamie Dimon's annual shareholder letter. Bloomberg Intelligence Senior European Strategist Tim Craighead talks about the 10 Companies to Watch Now. Don McCree, Head of Commercial Banking at Citizens, explains why business leaders are taking a closer look at private equity. Bloomberg News Texas Bureau Chief Julie Fine reports on the solar eclipse across America. And we Drive to the Close with Carol Schleif, CIO at BMO Family Office.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.