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Axios
Axios
US ยท 2 hrs ago
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Jamie Dimon blesses the trillion-dollar AI capex boom
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JPMorgan Chase CEO Jamie Dimon publicly endorsed the trillion-dollar AI capital expenditure boom alongside Anthropic's CEO, signalling confidence in AI investments despite investor concerns about whether AI revenue will justify the spending.

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Jamie Dimon blesses the trillion-dollar AI capex boom
JPMorgan Chase CEO Jamie Dimon stood next to Anthropic CEO Dario Amodei in New York on Tuesday and told Wall Street the AI buildout is worth every dollar. Why it matters: With investors increasingly anxious about whether AI revenue can keep pace with spending, the head of the world's largest bank endorsed a capital expenditure wave projected to top $1 trillion next year. The latest Big Tech earnings reports last week made clear that the massive buildout is propping up not only the stock market,
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