JPMorgan (JPM) CEO Jamie Dimon told Bloomberg TV on Tuesday that the bank’s multibillion-dollar push into AI is already delivering results, and could just be the beginning. Dimon said in the interview that the bank spends about $2B a year on AI and is seeing about the same amount in direct benefits. “We have shown that for $2B of expense, we have about $2B of benefit,” Dimon said. “We did this, we reduced headcount, we saved this time and money… We know about $2B of actual cost saves,” he added. “It’s the tip of the iceberg.”
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