JPMorgan CEO Jamie Dimon is doubling down on tech spending, refusing to cut back despite a planned $9 billion increase by 2026. He stressed that falling behind in technology means losing to fintech rivals. While acknowledging competitive sensitivity, Dimon revealed their $2 billion AI investment is already breaking even, calling it just the beginning.
Related Posts
Rahul Gandhi defends Robert Vadra against ED charges, Congress follows suit
Rahul Gandhi defended Robert Vadra against ED’s chargesheet, denouncing it as a politically motivated witch-hunt by the BJP government. Congress launched a full-fledged defense, asserting […]
‘Pak will be brought to its knees’: Hardeep Singh warns over Pahalgam attack
Union Minister Hardeep Singh Puri strongly condemned Pakistan following the Pahalgam terror attack, asserting that the nation would face severe consequences for its actions. He […]
Indian economy may grow 6.9% in FY27; ‘Goldilocks’ phase likely to continue
India’s economy is projected to grow by 6.9% in FY27, driven by structural reforms and trade agreements, according to India Ratings & Research. The nation […]