JPMorgan CFO says the bank’s AI exposure remains modest as sentiment shifts

Jeremy Barnum says AI-related spending has come in below expectations, even as the bank keeps its lead in banking AI deployment JPMorgan Chase wants you to know it is not betting the house on artificial intelligence. Chief Financial Officer Jeremy Barnum says the bank’s AI exposure is modest, though it may be affected by shifting market sentiment. On October 13, 2026, Barnum reported that JPMorgan’s AI-related expenses have so far run lower than the bank anticipated this year. The spending has not spiraled. If anything, it has undershot the plan. The caveat matters, though.

Source: Crypto Briefing