JPMorgan CEO Jamie Dimon leads new industry push to address AI risks

JPMorgan CEO Jamie Dimon has taken the lead in a new AI safety push by urging the corporate leaders to join a US-focused industry group to tackle AI-posed threats as the tech companies are racing to develop advanced artificial intelligence models.

According to the sources familiar to the matter and reported by Reuters, Dimon has personally met the CEOs of other notable regional and tech companies, convincing them to take part in this initiative, a part of the group named Alliance for Critical Infrastructure (ACI).

As per sources, a JPMorgan executive and the ACI also spoke with other members so they can arrange the calls or meeting in August to discuss collaboration.

The outreach initiative, which began in July, engages more than 40 companies across critical infrastructure sectors including financial services, water, energy, utilities, airlines, telecommunications and railroads that heavily depended on technology, as per sources. The ACI has not released the results yet.

Jamie Dimon's perspectives on economic trends, regulatory policy, and technology command close industry attention. As the leader of the largest US bank, he stands out among a select group of chief executives who have openly warned about the potential risks associated with advanced artificial intelligence systems.

This initiative will help develop a shared understanding of AI usage, the risks posed by it and what guardrails are needed to tackle the threats. The group also aims to work with the Trump administration on such safety issues.

Dimon was also a founding member of ACI, an organization aimed at coordinating “cross-sector resilience planning, sharing information, ​and responding to critical infrastructure threats, including cyber, physical, and geopolitical risk.”

Dimon said, "We are proud to support this important work." The ACI said in a statement that "at a time of growing cyber threats, protecting the systems Americans rely on every day requires strong collaboration between government and critical infrastructure companies."

The announcement comes after around 12 US states’ water systems were hit by cyberattacks.