Dossier
Payments division
Coverage of Payments division in the Nexus archive.
- AI token costs are exceeding some employees’ salaries
JPMorgan employees are spending more on AI token costs than their salaries, according to Zachery Anderson, chief data and analytics officer at JPMorgan’s Payments division. The bank is monitoring AI usage costs but not implementing companywide restrictions, as financial institutions face challenges in reserving AI for specific analysts.