Wednesday, May 6

JPMorgan Chase CEO Jamie Dimon stood next to Anthropic CEO Dario Amodei in New York on Tuesday and told Wall Street the AI buildout is worth every dollar.Why it matters: With investors increasingly anxious about whether AI revenue can keep pace with spending, the head of the world’s largest bank endorsed a capital expenditure wave projected to top $1 trillion next year.The latest Big Tech earnings reports last week made clear that the massive buildout is propping up not only the stock market…
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