World Business Report JP Morgan Chase boss talks about AI impact on business
Oct 9, 2025
Jamie Dimon warns about potential bubbles in AI investments and discusses the impact of government intervention on industrial policy. German Chancellor Friedrich Merz pushes back against EU rules banning new CO2-emitting cars after 2035, highlighting pressures on the auto industry. Tariffs imposed by the US are hitting Switzerland hard, especially in pharmaceuticals and medtech. Meanwhile, Tesla faces scrutiny over its self-driving technology amid safety concerns. The complexities of global trade and shifting markets remain a hot topic throughout.
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High Risk Of An AI Market Correction
- Jamie Dimon warns there's a substantial probability of an AI-driven market correction and values uncertainty higher than markets do.
- He believes AI will pay off overall but much investment will be wasted like past tech bubbles.
AI's Real Value Amid Bubble Dynamics
- Dimon says AI is real and transformative but echoes internet-bubble dynamics where winners emerge while much capital is lost.
- He expects large payoff overall but predicts many companies and investments will fail.
Use Industrial Policy To Protect Strategic Supply
- Dimon argues for targeted industrial policy to counter unfair trade and secure national-security supply chains.
- He praises government interventions that sustain strategic companies and critical domestic production.