Jamie Dimon: AI is real, is going to change an awful lot of things

JPMorgan CEO Jamie Dimon’s Bloomberg Interview Highlights:

• Sees deficits as inflationary, and they ‘need to be dealt with’
• Fed’s 50 bps cut was appropriate; longer rates may tick up slightly
• Midsize US bank mergers should be allowed
• AI is “real” and transformative; JPM added 1,000 AI workers
• IPO backlog exists but execution uncertain
• Public markets high, but IPO activity remains surprisingly subdued
• Private capital raising viewed positively

Dimon’s remarks show cautious optimism on economy and a reminder about AI’s transformative potential.

This article was written by Adam Button at www.forexlive.com.