JAMIE DIMON WARNS AI AGENTS THAT MAKE PAYMENTS ON YOUR BEHALF MAY NOT ACT PROPERLY : AI REVOLUTION LIKE A TSUNAMI THAT MUST BE MANAGED

What happened: JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon said AI agents that make payments for customers would need bank codes, placing them inside the bank without assurance they act in customers' interests. He spoke at The Economic Club of Chicago. Key numbers: JPMorgan closed 0.075% higher Thursday at $335.53, then rose 0.042% after hours to $335.67. Why it matters: Dimon said rogue agents could number in the thousands and called AI a tsunami that must be managed. The Federal Reserve, OCC, FDIC, Bank of England and ECB are pressing banks on AI safeguards and recovery plans.

JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon said AI agents that make payments for customers would need bank codes, placing them inside the bank without assurance they act in customers' interests. He spoke at The Economic Club of Chicago.

Dimon said rogue agents could number in the thousands and called AI a tsunami that must be managed. The Federal Reserve, OCC, FDIC, Bank of England and ECB are pressing banks on AI safeguards and recovery plans.