JPMorgan is implementing AI tools across its investment banking business globally, a senior banker said. The move is among the first in the sector to widely adopt the technology.
Global banks are increasing AI investment, reshaping their workforce and changing job roles.
CEO Jamie Dimon said the bank would hire more AI specialists and fewer traditional bankers.
"Our AI tools enable us to access more information and quickly synthesize it," said Paul Uren, Asia Pacific head of investment banking.
