Bloomberg Talks Jamie Dimon Talks Growth of AI, Jobs, Government Shutdown
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Oct 7, 2025 
Jamie Dimon, the influential chairman and CEO of JPMorgan Chase & Co., delves into the transformative power of AI within the banking sector, detailing the bank's significant investments and innovative applications. He foresees AI reshaping job roles and stresses the importance of retraining. Dimon also shares insights on the potential impact of a U.S. government shutdown on markets and discusses the current bull market, inflation risks, and the necessity of adapting to macroeconomic changes.
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AI Is Already Material At J.P. Morgan
- J.P. Morgan has done AI work since 2012 and spends heavily to embed it across the firm.
- The bank counts about $2 billion of annual AI expense matching roughly $2 billion of measured benefits so far.
Deploy AI Quickly With Guardrails
- Deploy AI widely but with strong guardrails and focus on internal data use.
- Train managers to ask how AI can improve service and productivity across functions.
Internal LLMs Power Day-to-Day Work
- Internal LLM tools power research, contract scanning, and summaries for many employees.
- About 150,000 staff use the LLM suite weekly, boosting productivity and coding support.