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JPMorgan made 40% AI job cuts in some teams, but CEO is not ‘convinced’ of its results

Times of India

TechnologyTimes of India·Jul 20, 2026·1 min read

JPMorgan made 40% AI job cuts in some teams, but CEO is not ‘convinced’ of its results

JPMorgan Chase has reduced some jobs by up to forty percent using artificial intelligence. CEO Jamie Dimon believes AI offers no unique competitive advantage for the bank. He stated that AI will not significantly increase the bank's profit…

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