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commerce
shāng yè
商业
·HSK 6

JPMorgan Chase
Mógēn Dàtōng
摩根大通
to elevate / to classify (formal)
jiāng
AI (artificial intelligence)
AI
AI
investment
tóuzī
投资
to upgrade / to elevate
shēngjí
升级
as / to be
wéi
core
héxīn
核心
infrastructure
jīchǔ shèshī
基础设施
technology
jìshù
技术
expenditure / spending
zhīchū
支出
projected / estimated
yùjì
预计
to reach
$19.8 billion
198 yì měiyuán
198亿美元

JPMorgan Chase
Mógēn Dàtōng
摩根大通
to announce
xuānbù
宣布
to (formal)
jiāng
AI
AI
AI
investment
tóuzī
投资
again / anew
chóngxīn
重新
to classify / to categorize
guīlèi
归类
as
wéi
core
héxīn
核心
infrastructure
jīchǔ shèshī
基础设施
the year 2026
2026 nián
2026年
technology
jìshù
技术
budget
yùsuàn
预算
projected / estimated
yùjì
预计
close to / approaching
jiējìn
接近
$20 billion
200 yì měiyuán
200亿美元
analysis
fēnxī
分析
expert / person
rénshì
人士
to believe / to consider
rènwéi
认为
this move / this action
cǐ jǔ
此举
marks / signifies
biāozhì zhe
标志着
global
quánqiú
全球
financial industry
jīnróng yè
金融业
toward / regarding
duì
AI
AI
AI
strategic
zhànlüè
战略
attitude
tàidu
态度
(possessive particle)
de
fundamental
gēnběn xìng
根本性
shift / change
zhuǎnbiàn
转变

March 29, 2026 at 6:00 AM

JPMorgan Chase
Mógēn Dàtōng
摩根大通
recently / a few days ago
rì qián
日前
to announce
xuānbù
宣布
to (formal, causative)
jiāng
artificial intelligence
réngōng zhìnéng
人工智能
investment
tóuzī
投资
again / anew
chóngxīn
重新
to classify / to categorize
guīlèi
归类
as / to be
wéi
core
héxīn
核心
infrastructure
jīchǔ shèshī
基础设施
alongside / together with
data center
shùjù zhōngxīn
数据中心
and
payment
zhīfù
支付
system
xìtǒng
系统
side by side / in parallel
bìngliè
并列
to manage / management
guǎnlǐ
管理
it is reported that / according to sources
jù xī
据悉
the bank (referring to JPMorgan)
gāi háng
该行
the year 2026
2026 nián
2026年
technology
jìshù
技术
expenditure / spending
zhīchū
支出
projected / estimated
yùjì
预计
will
jiāng
to reach
approximately
yuē
$19.8 billion
198 yì měiyuán
198亿美元
among which / of which
qí zhōng
其中
approximately
yuē
one quarter
sì fēn zhī yī
四分之一
directly
zhíjiē
直接
used for / allocated to
yòng yú
用于
AI
AI
AI
related / concerning
xiānguān
相关
project / item
xiàngmù
项目
as of / up to
jiézhì
截至
March 2026
2026 nián 3 yuè
2026年3月
JPMorgan Chase
Mógēn Dàtōng
摩根大通
already
in
zài
production environment
shēngchǎn huánjìng
生产环境
within
zhōng
to deploy
bùshǔ
部署
more than / over (formal)
over 500
500 gè
500个
AI
AI
AI
use case
yòng lì
用例
to cover / to encompass
hángài
涵盖
fraud
qīzhà
欺诈
detection
jiǎncè
检测
liquidity
liúdòng xìng
流动性
management
guǎnlǐ
管理
and / as well as
client / customer
kèhù
客户
service
fúwù
服务
etc.
děng
core
héxīn
核心
business / operations
yèwù
业务
area / domain
lǐngyù
领域
among these
qí zhōng
其中
AI
AI
AI
driven / powered
qūdòng
驱动
(possessive particle)
de
anti-money laundering
fǎn xǐ qián
反洗钱
system
xìtǒng
系统
already
(causative)
jiāng
false positive rate
wù bào lǜ
误报率
to reduce / to lower
jiàngdī
降低
95 percent
95%
95%
significantly / notably
xiǎnzhù
显著
to improve
tíshēng
提升
(completed action particle)
le
compliance
hégūi
合规
operations
yùnyíng
运营
efficiency
xiàolǜ
效率
the bank
gāi háng
该行
chief executive officer
shǒuxí zhíxíng guān
首席执行官
Dimon (Jamie Dimon)
Dài Méng
戴蒙
to state / to indicate
biǎoshì
表示
AI
AI
AI
will
jiāng
to become
chéngwéi
成为
future
wèilái
未来
banking industry
yínháng yè
银行业
competition
jìngzhēng
竞争
(possessive particle)
de
core
héxīn
核心
battleground
zhànchǎng
战场
to ignore / to overlook
hūshì
忽视
this
zhè yī
这一
trend
qūshì
趋势
(possessive particle)
de
institution
jīgòu
机构
will
jiāng
to face
miànlín
面临
(passive marker)
bèi
to be eliminated
táotài
淘汰
(nominalizer)
de
risk
fēngxiǎn
风险
analysis
fēnxī
分析
expert / person
rénshì
人士
to believe / to consider
rènwéi
认为
this move / this action
cǐ jǔ
此举
marks / signifies
biāozhì zhe
标志着
financial industry
jīnróng yè
金融业
toward / regarding
duì
AI
AI
AI
investment
tóuzī
投资
attitude
tàidu
态度
(possessive particle)
de
fundamental
gēnběn xìng
根本性
shift / change
zhuǎnbiàn
转变
——
from
cóng
experimental
shìyàn xìng
试验性
project
xiàngmù
项目
to shift toward
zhuǎn xiàng
转向
strategic
zhànlüè xìng
战略性
infrastructure
jīchǔ shèshī
基础设施
allocation / deployment
pèizhì
配置
at the same time / meanwhile
yǔ cǐ tóngshí
与此同时
other
qítā
其他
major / main
zhǔyào
主要
bank
yínháng
银行
also (formal/literary)
one after another / in succession
fēnfēn
纷纷
to increase / to expand
jiā dà
加大
toward / regarding
duì
AI
AI
AI
(possessive particle)
de
investment / input
tóurù
投入
industry
hángyè
行业
competition
jìngzhēng
竞争
landscape / structure
géjú
格局
currently / in the process of
zhèngzài
正在
to accelerate
jiāsù
加速
to reshape
chóng sù
重塑

News in English

Business

JPMorgan Chase Elevates AI Spending to Core Infrastructure, with Technology Budget Projected at $19.8 Billion

JPMorgan Chase announced it is reclassifying AI investment from discretionary R&D to core infrastructure, with the 2026 technology budget projected at close to $20 billion. Analysts say this marks a fundamental shift in the global financial industry attitude toward strategic AI deployment.

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United States and Iran
Měi Yī
美伊
ceasefire
tínɡhuǒ
停火
news / information
xiāoxi
消息
to come in / to arrive (news)
chuánlái
传来
international
ɡuójì
国际
oil price
yóujià
油价
May
5 yuè
5月
to drop sharply / to fall significantly
dàdiē
大跌
17 percent
17%
17%

International Oil Prices Fall 17 Percent in May on US-Iran Ceasefire Reports

Snowflake (cloud data company)
Snowflake
Snowflake
quarterly / fiscal quarter
jìdù
季度
revenue / earnings
yínɡshōu
营收
to exceed / to surpass
chāochū
超出
expectations / forecast
yùqī
预期
and / also
bìng
with
Amazon
Yàmǎxùn
亚马逊
to sign / to conclude
qiānshǔ
签署
$6 billion
60 yì měiyuán
60亿美元
agreement / deal
xiéyì
协议

Snowflake Quarterly Revenue Beats Forecasts and Signs $6 Billion Amazon Deal

China
Zhōngguó
中国
April
sì yuè
四月
industrial / industry
gōngyè
工业
profit
lìrùn
利润
to grow / growth
zēngzhǎng
增长
24.7 percent
24.7%
24.7%

China Industrial Profits Surge 24.7 Percent in April, Fastest Gain in Over Two Years

Meta (company name, formerly Facebook)
Meta
Meta
to lay off employees / layoffs
cáiyuán
裁员
8,000 people
bā qiān rén
八千人
to accelerate / to speed up
jiāsù
加速
toward / to
xiàng
artificial intelligence
réngōng zhìnéng
人工智能
business / operations
yèwù
业务
to transform / transformation
zhuǎnxíng
转型

Meta Cuts 8,000 Jobs in Sweeping Restructuring Toward AI