Jamie Dimon

Headlines · 4

1. 2d
   JPMorgan's Dimon Sees AI Benefits, Warns of Risks

   JPMorgan Chase Chairman and CEO Jamie Dimon discussed the benefits and risks of artificial intelligence in the banking industry during an event at the Economic Club of Chicago. According to Bloomberg, he pointed to gains from AI while also flagging the risks it brings. The available account does not detail the specific benefits or risks he cited.

   Bloomberg Technology · 🔥 0
2. 2d
   BofA hired 1,000 contractors to patch flaws exposed by Anthropic's Mythos

   Bank of America CEO Brian Moynihan said the bank brought in about 1,000 outside contractors in the second quarter to work alongside roughly 3,000 internal staff on software weaknesses exposed by frontier AI models including Anthropic's Mythos, affecting both the bank's own code and that of its vendors. He said third-quarter spending on the remediation and on anti-money-laundering fixes came to "a couple hundred million dollars plus," and that the contractors were engaged as consultants and are not counted in headcount. According to CNBC, Anthropic made Mythos available in April through a programme called Project Glasswing to a small group of companies, banks and government agencies so they could find and patch flaws before attackers did; a month later US regulators paused some cyber exams. The bank also said savings from about 130 internal AI projects are expected to grow from roughly $300 million this year to $700 million next year.

   CNBC Technology · 🔥 17
3. 3d
   JPMorgan blocks external AI agents like Meta's Muse and Instinct from client accounts

   JPMorgan CEO Jamie Dimon said on the bank's third-quarter earnings call that it will not let outside AI agents enter the company and act on behalf of clients, calling that "just too risky for clients and for JPMorgan" and warning that "you don't want runaway agents, and there could be thousands." A bank spokesperson confirmed JPMorgan currently bars external agents from acting for retail customers: third-party connectors such as Plaid may give agents read-only access to some data like balances with customer authorization, but not transfers or bill payments, and no timeline exists for safeguards enabling agentic connections. Dimon also flagged a "liability shift" for customers who use such agents, while the bank uses AI agents internally and CFO Jeremy Barnum said it began a targeted pilot of its own SmartCash tool in recent weeks to forecast cash flow and move money to maximize returns. The report notes Instinct, an SMS-based concierge from San Francisco startup Spear Street Technology, and that Meta's Muse agent topped app download charts in September, pressuring bank stocks, with OpenAI launching its Dots agent weeks later.

   cnBeta · 🔥 0
4. Oct 7
   AI Agents Swarm FRED as Dimon Warns of Security Risks

   AI agents seeking government data are swarming the Federal Reserve’s FRED data site, according to Bloomberg Technology. The activity is raising concerns about new security vulnerabilities, as JPMorgan Chase CEO Jamie Dimon warns about broader risks.

   Bloomberg Technology · 🔥 0

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