Jamie Dimon, CEO of JPMorgan, predicts that next year, hyperscalers—large cloud technology companies—will invest $1 trillion (approximately 1,362 trillion won) in artificial intelligence (AI). This figure represents a 43% increase from the estimated $700 billion in AI investment for this year.
According to CNBC, Dimon made these remarks during an interview with CNBC-TV18 while attending the 11th annual JPMorgan India Conference. He noted that the AI investment by hyperscalers is akin to a 1% increase in GDP (Gross Domestic Product), which could lead to higher inflation.
However, Dimon also suggested that, from a long-term perspective, AI could help lower prices. He described AI as an "incredibly amazing technology" and predicted that its rapid adoption will continue.
Dimon cautioned that while many well-known companies have failed, numerous startups have emerged as major players during the internet bubble, making it premature to identify winners in the AI industry. He added that AI spending does not necessarily guarantee fixed returns, stating that "investment may be a minimum condition for competition."
Regarding future financial market prospects, Dimon analyzed that rising capital demands, rearmament, and government budget deficits could lead to higher interest rates. He acknowledged the possibility of market adjustments but expressed uncertainty about whether AI would be a contributing factor. Furthermore, he emphasized that India's economy is expected to triple in size over the next decade, and JPMorgan will continue to expand its operations in India.
* This article has been translated by AI.
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