Jamie Dimon: JPMorgan very protective of data, assume it’ll do everything it can
Jamie Dimon, JPMorgan's CEO, states that excessive AI spending is ending. Businesses now focus on return on investment and token efficiency. Companies are shifting queries to cheaper AI models as costs increase. This trend reflects a broader enterprise move towards data security and cost management. Other business leaders also advocate for using appropriately sized and cost-effective AI models.
Jamie Dimon, CEO of JPMorgan, warned that the era of uncontrolled AI spending is ending. In a CNBC interview, Dimon stated that businesses must treat AI as any other resource, becoming more disciplined about token spend, which is the usage-based cost of running AI models. The CEO emphasized the growing focus on return on investment and shared that companies are increasingly shifting queries to cheaper tokens, with similar cost-reducing measures expected across power and data-center usage as AI adoption grows.
Dimon added, "We are very protective of our data and our IP. You should assume that JPMorgan will do everything they can to protect its own data, its own IP, to protect our customers." This statement reflects a broader shift among large enterprises, as they tighten controls around proprietary information due to AI vendors' increasing demands for access to customer data to enhance model performance.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
