Jamie Dimon
Chairman and CEO of JPMorgan Chase, Jamie Dimon leads the bank’s work on issues including AI and cyber risk. He discussed those risks in an interview with Tom Mackenzie.
Ford Pledges $1 Billion in Orders to Rebuild Michigan Manufacturing
Ford will commit $1 billion in purchasing to companies developing advanced manufacturing capabilities under Michigan Lift, a program launched with JPMorgan Chase and the state of Michigan. In a Bloomberg interview, Ford CEO Jim Farley argued that suppliers need customers as well as capital to rebuild production capabilities that moved overseas; JPMorgan CEO Jamie Dimon said the bank would serve as an anchor capital provider. The initiative is intended to connect Michigan innovators with financing and orders, with a focus on supply chains such as magnets and rare earth materials.
U.S. Trade Deals With Allies Are Tied to Economic Security
JPMorgan Chase CEO Jamie Dimon argues that completing trade deals with US allies is both an economic priority and a matter of national security. Speaking with Bloomberg’s David Westin, he said the United States should correct unfair treatment but still finish agreements, given the deep investment ties between the US and its partners and the importance of economic strength to the country’s security.
AI Capex Boom Meets Higher Rates and Public-Market Scrutiny
Bloomberg’s Ed Ludlow framed the day’s tech selloff as a test of the AI trade’s practical limits: higher rate expectations after a solid jobs report, pressure on chip stocks after Broadcom’s outlook, and the capital demands of SpaceX’s looming IPO. Across interviews with economists, executives and investors, the program argued that enthusiasm for AI and space infrastructure remains strong, but the market is increasingly focused on whether compute, energy, supply chains and public investors can absorb the scale of spending required.
Korean AI Dividend Proposal Triggers Semiconductor Stock Selloff
A South Korean policy chief’s proposal to return part of AI-related gains to citizens jolted the country’s chip market, with Samsung and SK Hynix closing down around 5% after Kim Yong-beom argued that profits from the AI infrastructure era should be shared more broadly. Bloomberg reported that the presidential office later described Kim’s post as personal opinion, while the same program pointed to related pressure points in the AI boom: CME’s plan with Silicon Data for compute futures and Nvidia CEO Jensen Huang’s absence from Trump’s China delegation as approval for Blackwell sales looked unlikely.
Private Credit Faces a Confidence Test as AI Hits Software Loans
Private credit’s roughly $1.8 trillion boom is facing its first major test as a crisis of confidence rather than a broad default cycle, Bloomberg Originals argues. The report says the rapid growth of lending outside banks has left investors questioning private loan marks, limited liquidity in retail-facing funds, and underwriting assumptions around software borrowers whose growth prospects may be undermined by artificial intelligence.