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

JPMorgan reported second-quarter earnings on Tuesday. Bloomberg/Getty Images Jamie Dimon said AI has let JPMorgan cut jobs by as much as 40% in some areas. He told analysts on the bank's earnings call that the tech won't make JPMorgan much cheaper to run, yet. JPMorgan's CFO said that token spending will be an important question going forward. 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 t...