Overview

• Jamie Dimon told Bloomberg TV he would welcome changes that relax the SEC’s quarterly earnings reporting requirement.
• Even if rules shift, he said JPMorgan would still give quarterly investor updates but with “much less stuff.”
• Dimon said the bank spends about $2 billion a year on AI and is seeing roughly $2 billion in annual cost savings, calling the gains the “tip of the iceberg.”
• He reported broad AI use across the firm and said an in-house large language model trained on internal data has about 150,000 weekly users.
• Dimon said automation has reduced headcount and saved time, with JPMorgan focused on retraining staff, as the SEC fast-tracks the reporting review and investors scrutinize AI returns.