Jamie Dimon, CEO of JPMorgan Chase, voiced support for light-touch federal AI oversight in a Yahoo Finance interview on September 16. The executive, who previously compared unrestricted access to advanced AI models to giving ballistic missiles to individuals, believes preparation and industry collaboration should take priority over sweeping legislative mandates. The bank has deployed AI across 450 to 1,000 internal use cases, with an annual technology budget of 18 to 20 billion dollars.
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