J.P. Morgan projects that generative AI will need to enhance IT services workloads by more than 55% to offset the deflationary effects on project costs, according to a recent analysis from the brokerage. Analysts estimate that automating coding tasks with large language models could lower...

  JPMorgan Chase CEO Jamie Dimon has taken aim at Zohran Mamdani, labeling him “more a Marxist than a socialist,” while criticizing Democrats for their focus on Diversity, Equity, and Inclusion (DEI) initiatives over pragmatic policies. During an event in Dublin, Ireland, Dimon cautioned against supporting...