The nation’s biggest bank is putting a lot of effort toward making sure it’s an early mover in AI, with the help of a nearly $20 billion annual technology budget. Dimon has previously said he’s out to win the AI arms race, and he thinks JPMorgan’s $2 billion AI investment has already matched its cost in savings.
The firm is keeping close tabs on how its tens of thousands of engineers are using AI, Business Insider reported. One dashboard tracks how much developers use GitHub Copilot and classifies them into “light,” “heavy,” or “non” users. The bank has also updated objectives for its engineers, who are now expected to “drive excellence” by…
