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JPMorgan Bets on AI and Blockchain as Kinexys Targets $10 Billion Daily Volume
JPMorgan CEO Jamie Dimon said “new technologies” are intensifying competition across the financial sector, pointing to blockchain-based players emerging alongside traditional rivals. In his annual shareholder letter, Dimon described artificial intelligence, data and advanced technology as “key to the future,” highlighting a shift toward more automated and data-driven financial services. While blockchain was not the central focus of the letter, Dimon acknowledged that “a whole new set of competitors is emerging based on blockchain, which includes stablecoins, smart contracts and other forms of ... (full story)