JPMorgan Chase CEO Jamie Dimon said Tuesday the bank now spends about $2 billion a year on artificial intelligence – and breaks even on the investment thanks to savings the tech has created.

JPMorgan invests heavily each year on AI programs across the company in areas like risk, marketing and customer service, Dimon told Bloomberg TV during an interview .

The bank — the largest in the country, by total assets — sees about the same amount in annual savings from those investments, he added. 3

“We know that it’s got to billions of cost savings and I think it’s the tip of the iceberg,” Dimon said.

He said his bank already has hundreds of use cases for the emerging technology, and that applications will only continue to grow.

Dimon often touts the wondrous of potential of AI — sayin

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