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New York
JPMorgan Chase CEO Jamie Dimon is leading a new cross-industry effort to address risks posed by artificial intelligence as companies across the United States rapidly expand the use of advanced technologies.
Dimon has personally contacted chief executives of major banks, regional lenders and technology companies to encourage them to join the initiative, according to sources familiar with the matter. The effort is being expanded through the Alliance for Critical Infrastructure (ACI), a group that JPMorgan helped establish.
More than 40 companies have reportedly been approached since the outreach began in July. The initiative includes firms from financial services, energy, water, utilities, telecommunications, airlines, railways and other critical infrastructure sectors that increasingly depend on technology.
The proposed collaboration aims to develop a shared understanding of how AI is being deployed, the risks it may create and the safeguards needed to protect essential systems. The group also intends to work with the Trump administration and government agencies on identifying vulnerabilities, sharing information and responding to emerging threats.
Recent cyberattacks targeting water systems in Minnesota and other states have increased concerns about the security of critical infrastructure and highlighted the need for stronger cooperation between industries.
JPMorgan was a founding member of the ACI alongside Mastercard, Berkshire Hathaway Energy and other companies. The organisation was created to strengthen cross-sector resilience and coordinate responses to cyber, physical and geopolitical threats.
AI-related concerns have grown as businesses accelerate adoption, with experts warning that powerful systems could increase cyber risks and expose weaknesses in financial and infrastructure networks.
The revamped ACI is expected to become fully operational by the end of the year, creating a forum for companies and government officials to share information, assess AI-related threats and develop coordinated solutions.
Summary
- JPMorgan expands critical infrastructure group to increase focus on AI risks
- More than 40 firms approached on initiative
- AI threats spur new cross-industry collaboration