NEW YORK -- Though JPMorgan Chase anticipates a "relatively subdued" year in investment banking activity amid a soft U.S. economy and a slowdown in China, it plans to invest $1 billion or more a year in artificial intelligence, according to President and Chief Operating Officer Daniel Pinto.
Interview
JPMorgan to invest $1bn or more a year in AI, Daniel Pinto says
Bank head also thinks China will remain 'very important market' despite slowdown
JPMorgan Chase has "hundreds of cases" where they have applied AI, says COO Daniel Pinto. (Photo courtesy of JPMorgan Chase)
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