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Asian tech talent helps JPMorgan compete: CIO

AI development and blockchain feature prominently in $12bn technology budget

JPMorgan Chase is implementing artificial intelligence throughout the company, from fraud detection to customizing its online portal for analyst reports.   © Reuters

NEW YORK -- Faced with growing competition from tech companies like Apple and PayPal Holdings, JPMorgan Chase is spending an annual $12 billion on technology to gain an edge, and Asia is at the core of its innovation strategy.

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