JPMorgan to invest $1bn or more a year in AI, Daniel Pinto says
JPMorgan Chase plans to invest $1 billion or more per year in artificial intelligence, despite anticipating a "relatively subdued" year in investment banking.
![](https://www.ft.com/__origami/service/image/v2/images/raw/https%253A%252F%252Fcms-image-bucket-production-ap-northeast-1-a7d2.s3.ap-northeast-1.amazonaws.com%252Fimages%252F5%252F3%252F1%252F9%252F46439135-6-eng-GB%252FCropped-1693250068Daniel%2520Pinto%2520headshot.jpg?width=1260&height=630&fit=cover&gravity=faces&source=nar-cms)
JPMorgan Chase plans to invest $1 billion or more per year in artificial intelligence, despite anticipating a "relatively subdued" year in investment banking.