Jamie Dimon says JPMorgan's $2 billion AI investment is already paying off

JPMorgan CEO Jamie Dimon said the bank's multibillion-dollar push into AI is already delivering results — and could just be the beginning. Dimon said in an interview with Bloomberg TV on Tuesday that the bank spends about 2billionayearonAIandisseeingaboutthesameamountindirectbenefits."Wehaveshownthatfor2 billion a year on AI and is seeing about the same amount in direct benefits."We have shown that for 2 billion of expense, we have about 2billionofbenefit,"Dimonsaid."Wedidthis,wereducedheadcount,wesavedthistimeandmoney.""Weknowabout2 billion of benefit," Dimon said. "We did this, we reduced headcount, we saved this time and money." "We know about 2 billion of actual cost save ...