JPMorgan rolls out AI tools in investment banking globally, senior banker says
JPMorgan is implementing AI tools across its investment banking business globally, its Asia investment banking head said on Thursday, among the first in the sector moving to adopt the technology widely.
Global banks are increasing investment in AI, reshaping their workforce and leading to changes in job roles.
Earlier in the day, JPMorgan CEO Jamie Dimon told Bloomberg News that the bank would hire more AI specialists and fewer traditional bankers, following rival Standard Chartered’s move to cut nearly 8,000 staff by 2030 as it boosts the use of AI.
