Jamie Dimon’s JPMorgan and other North American banks are so far ahead in the AI race that one indexing boss says it’s now a question of ‘Can others catch up?’

Brandon McGee

2 years ago

“The Jamie DImon–led firm ranked first in innovation—be it research or patents—and transparency around responsible AI activities. It ranked second in talent and leadership, leading to the top spot overall in the November 2023 ranking.
The bank has identified more than 400 use cases for the technology across marketing, fraud and risk, amassed thousands of AI experts and data scientists, and begun exploring deploying generative AI, Dimon said.
The Wall Street giant initially set itself a target of generating $1 billion in real “business value” in 2023, but according to Bloomberg increased that goal to $1.5 billion early in the year—in May at its investor day.”