Jamie Dimon is optimistic that the country’s AI spending will pay off.
The JPMorgan CEO told CNBC’s Leslie Picker in a video interview that aired on Wednesday that he believes the billions pouring into AI infrastructure will ultimately prove worthwhile.
“In my own view, and I may be wrong, it’ll ultimately play out and pay out,” Dimon said. “These people are doing real calculations about what’s needed. They see what it costs to do the frontier models. They see what it costs to do inferencing. The need is going up dramatically.”
He said that AI spending is also driving the American economy, “because the increase alone is 1% of GDP, and next year…
