JPM CEO Dimon: AI Cost Saving Matching Money Spent

Jamie Dimon said JPMorgan Chase & Co. spends $2 billion a year on developing artificial intelligence technology, and saves about the same amount annually from the investment. He has said his bank already has hundreds of use cases for the technology, which will likely grow, and has touted its ability to help humans cure cancer and move to shorter work weeks. Dimon also said he would welcome proposed changes that would ease US Securities and Exchange Commission requirements for quarterly earnings reports. Bloomberg's Sri Natarajan joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to break down Dimon's wide ranging interview.

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