JPMorgan CEO Warns of Risky Financial Practices and AI Impact Amid Pre-2008 Market Concerns

JPMorgan Chase CEO Jamie Dimon warned that some financial firms are engaging in risky behaviors to boost profits, likening the current market environment to the years before the 2008 financial crisis. He highlighted elevated asset prices, aggressive pursuit of interest income, and potential disruptions from artificial intelligence, particularly in the software sector. Dimon cautioned that credit cycles often bring unexpected shocks and urged caution despite widespread market optimism.