Jamie Dimon says AI investment will exceed $1 trillion

11 articles · Updated · The Wall Street Journal · May 5

Speaking at an Anthropic event on Tuesday, the JPMorgan chief said spending already goes beyond that level across chips, wires, hardware and other technology.
Dimon argued the outlay is justified because technology tends to pay for itself, framing AI infrastructure spending as economically worthwhile despite its scale.
His remarks add to debate over whether the AI boom's huge capital demands will deliver returns as companies race to build computing capacity and supporting networks.

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