JPMorgan Chase CEO: AI capital expenditure could reach $10 to $15 trillion over the next decade

JPMorgan Chase Chairman and CEO Jamie Dimon said at the Fifth Global Financial Leaders Investment Summit that AI capital expenditure may need to amount to $10 to $15 trillion in the coming 10 years, potentially boosting GDP growth by 50 to 70 basis points. He noted that AI infrastructure financing involves multiple sectors, including frontier AI labs, chip manufacturers, infrastructure builders, and energy providers. Goldman Sachs CEO David Solomon added that demand for computing power still exceeds supply, and a significant portion of future value will come from the application layer.