JPMorgan has allocated nearly $2 billion for AI this year, Matthew McCown, executive director of the data and analytics team at J.P. Morgan Payments, said at the FinAi Banking Summit 2026 in Denver on March 3. The bank announced last month it expects to spend $19.8 billion on tech in 2026, up 10% year over year, to maintain its competitive edge and increase efficiency. “The incremental $2 billion is earmarked specifically for AI,” McCown said. “We have 2,000 AI and ML […]
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