Jamie Dimon dismisses AI slowdown fears, says massive infrastructure spending will pay off

JPMorgan Chase CEO Jamie Dimon believes the massive investments being made in artificial intelligence infrastructure will ultimately prove worthwhile, even as questions continue over the scale of spending. Speaking to CNBC’s Leslie Picker in an interview aired on Wednesday, Dimon said he remains optimistic that the billions flowing into AI will generate long-term returns.

“In my own view, and I may be wrong, it’ll ultimately play out and pay out,” Dimon told CNBC. “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.”