Jamie Dimon predicts AI capital expenditure will surge to $1 trillion next year, up from $700 billion in 2024.
JPMorgan Chase CEO Jamie Dimon projected AI-related spending will reach $1 trillion in 2025, up from $700 billion this year. He noted AI could account for over a quarter of total corporate capital expenditure by 2027, citing rapid growth from $400 billion in 2023.
The forecast follows strong second-quarter earnings from major U.S. banks, driven by investment banking revenue surges of 45% at JPMorgan and 55% at Goldman Sachs. Dimon highlighted AI as a key growth driver but cautioned markets may not sustain current highs indefinitely.
Total corporate capex is estimated at $4 trillion, with AI spending expected to offset declines in non-AI investments.