“JP Morgan Chase has moved AI spending into its core infrastructure budget, underscoring a shift in how the bank views the technology as it becomes central to day-to-day operations.
The world’s largest bank has reclassified AI investment from “discretionary innovation” to “core infrastructure”, placing it alongside data centers, payment systems, and core risk controls.
With an annual technology budget of around $17 billion, JPMorgan has allocated roughly $2 billion specifically to AI, treating the investment with the same non-negotiable priority as cybersecurity or operational resilience.”