Jamie Dimon believes artificial intelligence will have a huge impact on global business this year. Dimon, one of the world’s most influential business leaders, said in his annual shareholder letter Monday that while he doesn’t yet know the full effect AI will have on business, the economy or society, he knows its influence will be significant.
First Republic purchase JPMorgan acquired most of First Republic’s assets last May after the San Francisco-based regional bank was seized by the government. It marked the second-biggest bank failure in US history. The fall was part of the collapse of three US regional lenders last spring that left financial institutions and regulators scrambling to prevent the spread of a banking crisis.
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