Reported 19 days ago
JPMorgan Chase announced it will invest $10 billion in companies deemed essential for US national security, focusing on supply chain independence, energy independence, and advanced technologies like quantum computing and AI. CEO Jamie Dimon emphasized the need to reduce reliance on unreliable sources for critical materials, indicating that this investment is part of a broader strategy to strengthen the nation's defense capabilities. Additionally, JPMorgan aims to facilitate a total of $1.5 trillion in financing for key national security companies over the next decade.
Source: YAHOO