Jamie Dimon says AI already reduced jobs in some areas by 40% — but it's not making JPM dramatically cheaper to run

JPMorgan has been able to cut jobs by as much as 40% in some parts of the bank thanks to AI, CEO Jamie Dimon said Tuesday. But investors hoping the technology will dramatically cut the bank's profit margins are likely to be disappointed. Analysts asked Dimon about AI gains during JPMorgan's …