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Off-topic for aiqbench

Off-topic for aiqbench

This story was gathered from a source we follow but falls outside AI and quantum coverage, so there is no aiqbench take for it.

Jamie Dimon spent years warning about America’s reliance on China. A year in, JPMorgan has put $230 billion behind fixing it

Fortune4 min read

“Strong economies and national security don't happen by accident,” JPMorgan's CEO said of his 10-year, $1.5 trillion Security and Resiliency Initiative.

Now his bank has a number to show for it. JPMorgan said on Monday it has financed or facilitated $230 billion into sectors it considers essential for economic and national security—including critical minerals, defense, and frontier technology—a year into its 10-year, $1.5 trillion Security and Resiliency Initiative. The bank also said it committed $5 billion of its own capital investing into defense-related startups like Hadrian and Castelion—halfway through its initial $10 billion allocation. “Strong economies and national…

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