“No AI bubble”: Dimon and Fink defend $1.4 trillion in data center investments

New York/Beverly Hills | Jamie Dimon believes the $1 trillion ($1.4 trillion) investment in data centers will “make sense” in the long run because of the power of AI technology, underscoring Wall Street’s desire to fund unprecedented spending on tech infrastructure.

JPMorgan Chase’s chief executive said the spending would also include huge sums on things like chips, wires and hardware, but that “technology tends to pay for itself, just not in a direct way.”

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