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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
将
AI (artificial intelligence)
AI
AI
investment
tóuzī
投资
to upgrade / to elevate
shēngjí
升级
as / to be
wéi
为
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
dá
达
$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
将
AI
AI
AI
investment
tóuzī
投资
again / anew
chóngxīn
重新
to classify / to categorize
guīlèi
归类
as
wéi
为
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
对
AI
AI
AI
strategic
zhànlüè
战略
attitude
tàidu
态度
(possessive particle)
de
的
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
将
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
为
core
héxīn
核心
infrastructure
jīchǔ shèshī
基础设施
，
alongside / together with
yǔ
与
data center
shùjù zhōngxīn
数据中心
and
hé
和
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
将
to reach
dá
达
approximately
yuē
约
$19.8 billion
198 yì měiyuán
198亿美元
，
among which / of which
qí zhōng
其中
approximately
yuē
约
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
yǐ
已
in
zài
在
production environment
shēngchǎn huánjìng
生产环境
within
zhōng
中
to deploy
bùshǔ
部署
more than / over (formal)
yú
逾
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
jí
及
client / customer
kèhù
客户
service
fúwù
服务
etc.
děng
等
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
的
anti-money laundering
fǎn xǐ qián
反洗钱
system
xìtǒng
系统
already
yǐ
已
(causative)
jiāng
将
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
了
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
将
to become
chéngwéi
成为
future
wèilái
未来
banking industry
yínháng yè
银行业
competition
jìngzhēng
竞争
(possessive particle)
de
的
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
的
institution
jīgòu
机构
will
jiāng
将
to face
miànlín
面临
(passive marker)
bèi
被
to be eliminated
táotài
淘汰
(nominalizer)
de
的
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
对
AI
AI
AI
investment
tóuzī
投资
attitude
tàidu
态度
(possessive particle)
de
的
fundamental
gēnběn xìng
根本性
shift / change
zhuǎnbiàn
转变
——
from
cóng
从
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)
yì
亦
one after another / in succession
fēnfēn
纷纷
to increase / to expand
jiā dà
加大
toward / regarding
duì
对
AI
AI
AI
(possessive particle)
de
的
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
。

New Words

Mógēn Dàtōng
摩根大通
JPMorgan Chase
réngōng zhìnéng
人工智能
artificial intelligence
jīchǔ shèshī
基础设施
infrastructure
shùjù zhōngxīn
数据中心
data center
fǎn xǐ qián
反洗钱
anti-money laundering
wù bào lǜ
误报率
false positive rate
hégūi
合规
compliance
jìngzhēng
竞争
competition

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.

JPMorgan Chase recently announced that it will reclassify artificial intelligence investments as core infrastructure, alongside data centers and payment systems. According to sources, the bank's 2026 technology spending is projected to reach approximately $19.8 billion, with about one quarter allocated directly to AI-related projects.

As of March 2026, JPMorgan has deployed over 500 AI use cases in production environments, covering fraud detection, liquidity management, and customer service across core business areas. Among these, an AI-powered anti-money laundering system has reduced false positive rates by 95 percent, significantly improving compliance operations efficiency.

The bank's CEO Jamie Dimon stated that AI will become the core battleground for banking industry competition in the future, and institutions that ignore this trend will face elimination risks.

Analysts believe this move marks a fundamental shift in the financial industry's attitude toward AI investments—from experimental projects to strategic infrastructure deployment.

Meanwhile, other major banks are also accelerating AI investments, and industry competitive dynamics are rapidly being reshaped.

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shàngshì
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róngjī
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、
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SK Hǎilìshì
SK海力士
and / together with
yǔ
与
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
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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

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Zhōngguó
中国
artificial intelligence
réngōng zhìnéng
人工智能
company
gōngsī
公司
MiniMax (Chinese AI company)
MiniMax
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to complete
wánchéng
完成
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二十亿美元
fundraising / financing
róngzī
融资
。

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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