JPMorgan Chase CEO Jamie Dimon warned that AI agents allowed to make payments for customers would need their bank codes, effectively placing them “in your bank” with no assurance they would act in customers' interests. He cited Meta Platforms' consumer agent Muse, launched in September to handle emails, travel bookings and calendars, and said such agents could act in “treacherous” ways for the bank; on Tuesday's third-quarter earnings call he warned of possibly thousands of rogue agents. JPMorgan is still rolling out its own AI, with CFO Jeremy Barnum saying the Smart Cash tool is in early pilot; Dimon likened AI to the Industrial Revolution but moving far faster, “more like a tsunami,” that must be managed. He said AI tools are surfacing hundreds of significant vulnerabilities in open-source code, leaving industries “completely unprotected” against state actors, terrorists and criminals. Dimon also predicted AI could help treat diseases such as cancer, cut road deaths by as much as 80%, and let people work as little as 3.5 days a week within 30 years.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related tickers and likely impact
META
• NeutralMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/16/2026 | 709.34 |
| Change that session | -3.72% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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