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

Source: Business Insider

JPMorgan reported second-quarter earnings on Tuesday. Bloomberg/Getty ImagesJamie 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.