JPMorgan Chase (bank name)Mógēn Dàtōng摩根大通to reclassify / to elevatejiāng将artificial intelligencerén gōng zhì néng人工智能investment / spendingtóurù投入to classify as / to designate aslièwéi列为corehéxīn核心infrastructurejīchǔ shèshī基础设施，annualniándù年度technologykējì科技budgetyùsuàn预算to rise to / to increase toshēng zhì升至$19.8 billion198 yì měiyuán198亿美元。
May 9, 2026 at 5:00 AM
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BusinessJPMorgan Reclassifies AI as Core Infrastructure With $19.8 Billion Tech Budget
JPMorgan Chase announced it is reclassifying AI spending from experimental R&D to core infrastructure, raising its 2026 technology budget to $19.8 billion with $2 billion directly allocated to AI.
JPMorgan Chase announced that it will increase its 2026 annual technology budget to $19.8 billion, of which approximately $2 billion will be directly allocated to artificial intelligence projects.
The bank is formally reclassifying AI investment from "discretionary innovation" to "core infrastructure," placing it alongside data centers and payment systems. Currently, the bank has dedicated approximately 2,000 employees to exclusive work on AI development initiatives.
CEO Jamie Dimon stated that artificial intelligence will impact virtually all banking functions and represents a core element of the bank's future competitive advantage. AI applications span a wide range of use cases, including customer service automation, lending decision models, and assistance tools for software engineers.
Furthermore, JPMorgan Chase plans to expand investment in cloud infrastructure and cybersecurity systems.
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