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commerce
shāng yè
商业
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JPMorgan Chase (US bank)
Mógēn Dàtōng
摩根大通
will / to (future action)
jiāng
artificial intelligence
rén'gōng zhìnéng
人工智能
investment / to invest
tóuzī
投资
to classify as / to designate as
lièwéi
列为
core / central
héxīn
核心
infrastructure
jīchǔ shèshī
基础设施
annual / yearly
niándù
年度
technology
kējì
科技
budget
yùsuàn
预算
close to / approaching
jìn
$20 billion
200 yì měiyuán
200亿美元

JPMorgan Chase (US bank)
Mógēn Dàtōng
摩根大通
to announce / to declare
xuānbù
宣布
will / to (future action)
jiāng
artificial intelligence
rén'gōng zhìnéng
人工智能
expenditure / spending
zhīchū
支出
again / anew / re-
chóngxīn
重新
to classify / to categorize
guīlèi
归类
as / to be
wéi
core / central
héxīn
核心
infrastructure
jīchǔ shèshī
基础设施
no longer
bù zài
不再
to regard as / to treat as
shìwéi
视为
experimental / trial
shìyànxìng
试验性
investment / to put into
tóurù
投入

May 15, 2026 at 9:00 AM

JPMorgan Chase (US bank)
Mógēn Dàtōng
摩根大通
to announce / to declare
xuānbù
宣布
will / to (future action)
jiāng
artificial intelligence
rén'gōng zhìnéng
人工智能
investment / to invest
tóuzī
投资
from
cóng
experimental / trial
shìyànxìng
试验性
innovation
chuàngxīn
创新
category / classification
lèibié
类别
to move to / to shift to
yí zhì
移至
core / central
héxīn
核心
infrastructure
jīchǔ shèshī
基础设施
category / classification
lèibié
类别
the said / this (referring to previously mentioned)
gāi
bank
yínháng
银行
year 2026
2026 nián
2026年
technology
kējì
科技
budget
yùsuàn
预算
total amount
zǒng'é
总额
is approximately
yuē wéi
约为
$19.8 billion
198 yì měiyuán
198亿美元
among these / of which
qízhōng
其中
approximately / about
yuē
$2 billion
20 yì měiyuán
20亿美元
specifically / exclusively
zhuānmén
专门
to be used for / for the purpose of
yòngyú
用于
artificial intelligence
rén'gōng zhìnéng
人工智能
project / item
xiàngmù
项目
and / with
cybersecurity / network security
wǎngluò ānquán
网络安全
equivalent / equal
tóngděng
同等
important / significant
zhòngyào
重要
currently / at present
mùqián
目前
there already are / already existing
yǐ yǒu
已有
more than / exceeding
500
500
500
general measure word
artificial intelligence
rén'gōng zhìnéng
人工智能
use case / application scenario
yìngyòng chǎngjǐng
应用场景
at / in
zài
the said / this
gāi
bank
yínháng
银行
to put into / to deploy
tóurù
投入
actual operations / live production
shíjì yùnyíng
实际运营
application / use
yìngyòng
应用
scope / range
fànwéi
范围
to cover / to encompass
hángài
涵盖
fraud / deception
qīzhà
欺诈
detection / to detect
jiǎncè
检测
compliance / regulatory compliance
hégūi
合规
review / to review
shěnchá
审查
and / as well as
liquidity
liúdòngxìng
流动性
prediction / forecast
yùcè
预测
and so on / et cetera
děng
multiple / several
duō gè
多个
business operations / business function
yèwù
业务
field / domain
lǐngyù
领域
Chief Executive Officer / CEO
shǒuxí zhíxíngguān
首席执行官
Jamie Dimon (JPMorgan CEO)
Dàiméng
戴蒙
to state / to indicate
biǎoshì
表示
to fail to / unable to
wèi néng
未能
to expand / to scale up
kuòdà
扩大
artificial intelligence
rén'gōng zhìnéng
人工智能
deployment / to deploy
bùshǔ
部署
structural particle
de
financial institution
jīnróng jīgòu
金融机构
will / to (future action)
jiāng
to face / to confront
miànlín
面临
competition / to compete
jìngzhēng
竞争
disadvantage / inferior position
lièshì
劣势

New Words

Mogen Datong
摩根大通
JPMorgan Chase
rengong zhineng
人工智能
artificial intelligence
jichu sheshi
基础设施
infrastructure
yusuan
预算
budget
wangluo anquan
网络安全
cybersecurity
yingyong
应用
application
qizha
欺诈
fraud
hegui
合规
compliance
liudongxing
流动性
liquidity
jingzheng
竞争
competition

News in English

Business

JPMorgan Reclassifies AI Spending as Core Infrastructure With Nearly $20 Billion Tech Budget

JPMorgan Chase announced it is reclassifying AI spending as core infrastructure rather than experimental investment, with a total technology budget of $19.8 billion for 2026.

JPMorgan Chase announced that it will shift artificial intelligence investment from the experimental innovation category to the core infrastructure category. The bank's 2026 technology budget will total approximately $19.8 billion. Of this, about $2 billion is specifically allocated for artificial intelligence projects, which is equally important as cybersecurity. Currently, there are already more than 500 artificial intelligence use cases deployed in actual operations at the bank. The application scope covers fraud detection, compliance review, liquidity forecasting, and multiple other business domains. CEO Jamie Dimon stated that financial institutions failing to expand artificial intelligence deployment will face competitive disadvantages.

More in Business

Momenta
Móméng tǎ
摩蒙塔
Hong Kong
Xiānggǎng
香港
listed
shàngshì
上市
fundraising
róngjī
融资
$752 million
7.52 yì měiyuán
7.52亿美元

Chinese Autonomous Driving Firm Momenta Debuts on Hong Kong Stock Exchange with 752 Million Fundraise

Samsung (South Korean electronics company)
Sānxīng
三星
SK Hynix (South Korean memory chipmaker)
SK Hǎilìshì
SK海力士
and / together with
Micron (US semiconductor company)
Měiguāng
美光
to race to / to vie in
jìngxiāng
竞相
to expand / to increase
kuòdà
扩大
AI / artificial intelligence
AI
AI
memory (computing)
nèicún
内存
chip / semiconductor chip
xīnpiàn
芯片
production capacity
chǎnnéng
产能

Samsung, SK Hynix and Micron Race to Expand AI Memory Chip Capacity

China
Zhōngguó
中国
artificial intelligence
réngōng zhìnéng
人工智能
company
gōngsī
公司
MiniMax (Chinese AI company)
MiniMax
MiniMax
to complete
wánchéng
完成
$2 billion
èrshí yì měiyuán
二十亿美元
fundraising / financing
róngzī
融资

Chinese AI Firm MiniMax Raises 2 Billion Dollars in Hong Kong Share Sale

PepsiCo
Bǎishì Gōngsī
百事公司
earnings / performance
yèjī
业绩
lower than / below
dīyú
低于
expectation / forecast
yùqī
预期
the United States
Měiguó
美国
stock market
gǔshì
股市
slightly / marginally
xiǎofú
小幅
to rise / to increase
shàngzhǎng
上涨

PepsiCo Earnings Disappoint as US Stocks Edge Higher