AI frenzy spooks investors but JPMorgan CEO Jamie Dimon says spending boom likely to pay off. Here’s why

Artificial intelligence has sent shockwaves across global markets this year, but JPMorgan Chase CEO Jamie Dimon believes that the billions poured into AI infrastructure will ultimately “play out and pay out”.

The chief executive of one of Wall Street’s top banks during an interview with CNBC highlighted that AI demand is going up dramatically, so the massive spending by the hyperscalers will likely bear fruit in the future.