Jamie Dimon , CEO of America’s largest bank JPMorgan has issued a stark warning about the AI risks facing the global markets. In an interview with BBC recently, Dimon said that he is “far more worried than others” about the AI-driven stock market bubble . His remarks come days after the Bank of England (BOE) and the International Monetary Fund (IMF) raised concerns that current valuations in AI-based startups and companies look stretched and could echo the Dot com bubble of 90s.
Talking about AI investment , he stated that it was “probable” that some investors would lose money.
“The way I look at it is AI is real, AI in total will pay off. Just like cars in total paid off, and TVs in total paid off, but most people involved in them didn't do well,” adding that some of the money being invested in AI would “probably be lost”.
JPMorgan CEO Jamie Dimon suggest market correction may be coming soon
Jamie Dimon also suggested that a market correction may happen within the next six months to two years. “I am far more worried about that than others,” Dimon said.
During the interaction, Jamie Dimon pointed at risk factors including geopolitical volatility, fiscal strains on governments, and a remilitarisation drive.
“All these things cause a lot of issues that we don't know how to answer,” he said adding “So I say the level of uncertainty should be higher in most people's minds than what I would call normal.”
Dimon’s warning underlines growing unease that the AI boom may be inflating into a bubble — one that could leave investors nursing heavy losses if it bursts.
Notably, Jamie Dimon is not the only CEO who has raised concerns about the AI bubble. Amazon founder Jeff Bezos has said that the current surge of investment in AI constitutes an ‘industrial bubble’. OpenAI CEO Sam Altman has also said that he believes AI could be in a bubble.
Talking about AI investment , he stated that it was “probable” that some investors would lose money.
“The way I look at it is AI is real, AI in total will pay off. Just like cars in total paid off, and TVs in total paid off, but most people involved in them didn't do well,” adding that some of the money being invested in AI would “probably be lost”.
JPMorgan CEO Jamie Dimon suggest market correction may be coming soon
Jamie Dimon also suggested that a market correction may happen within the next six months to two years. “I am far more worried about that than others,” Dimon said.
During the interaction, Jamie Dimon pointed at risk factors including geopolitical volatility, fiscal strains on governments, and a remilitarisation drive.
“All these things cause a lot of issues that we don't know how to answer,” he said adding “So I say the level of uncertainty should be higher in most people's minds than what I would call normal.”
Dimon’s warning underlines growing unease that the AI boom may be inflating into a bubble — one that could leave investors nursing heavy losses if it bursts.
Notably, Jamie Dimon is not the only CEO who has raised concerns about the AI bubble. Amazon founder Jeff Bezos has said that the current surge of investment in AI constitutes an ‘industrial bubble’. OpenAI CEO Sam Altman has also said that he believes AI could be in a bubble.
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