Jamie Dimon downplays concerns about how AI will impact JPMorgan Chase.

Jamie Dimon, CEO of JPMorgan Chase, said concerns about artificial intelligence that severely impacted the company's stock price on Monday were overstated, and he stated that the largest bank in the US will use the technology to leverage its own advantages. "In my opinion, we will be the winners," Dimon said. He had a cast on his left hand due to treatment for arthritis and bone spurs. "We have always followed a strategy of using technology to provide better services to customers, and we have done quite well in this regard." On Monday, the stock prices of many financial services companies, including JPMorgan Chase, were severely affected due to market concerns that AI could impact their business models. Citrini Research released a widely circulated report on Sunday that speculated how AI could change the economy, including daily payments, which dragged down the stock prices of companies that profit from processing payments. On Monday, American Express stock fell by about 7%, while the stocks of JPMorgan Chase, Citigroup, and Morgan Stanley all fell by over 4%. Mastercard's stock fell by nearly 6%, and Visa fell by over 4%.