JPMorgan Chase announced Monday a $1.5 trillion plan to facilitate investments in industries “critical to national economic security and resiliency” over the next 10 years.
The major bank plans to directly invest up to $10 billion to support select companies primarily based in the U.S. to help bolster growth, foster innovation, and advance strategic manufacturing, according to a news release. The announcement comes as trade tensions between the U.S. government and countries such as China have been rising in 2025.
“It has become painfully clear that the U.S. has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing – all of which are essential for our national security,” JPMorgan Chase Chairman and CEO Jamie Dimon said in a statement. “Our security is predicated on the strength and resiliency of America’s economy. America needs more speed and investment.”
“It also needs to remove obstacles that stand in the way: excessive regulations, bureaucratic delay, partisan gridlock and an education system not aligned to the skills we need,” Dimon added.
JPMorgan Chase said in the announcement that it will invest in companies across several key sectors, including artificial intelligence (AI), critical mineral manufacturing, defense technology and robotics.
“This new initiative includes efforts like ensuring reliable access to life-saving medicines and critical minerals, defending our nation, building energy systems to meet AI-driven demand and advancing technologies like semiconductors and data centers,” Dimon said. “Our support of clients in these industries remains unwavering.”
Dimon added he hopes that Americans can “come together” to address the “immense challenges” the U.S. economy is presently facing.
“We need to act now,” he said.
A Goldman Sachs report released on Aug. 15 found that the broad implementation of AI could potentially lead to the displacement of 6% to 7% of the U.S. workforce. Dimon told BBC News in an interview published Wednesday that he believes AI will “pay off,” but added that some money being shelled out for AI-related investments would “probably be lost”.
“The way I look at it is [that] AI is real, AI in total will pay off,” Dimon told BBC. “Just like cars in total paid off, and TVs in total paid off, but most people involved in them didn’t do well.”
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