JPMorgan is rolling out artificial intelligence tools across its global investment banking operations, becoming one of the first major banks to adopt the technology on a broad scale.

The move reflects a wider transformation sweeping through the banking sector as lenders increase spending on AI, reshape workforces, and redefine traditional job roles.

Earlier on Thursday, JPMorgan CEO Jamie Dimon says that the bank plans to hire more AI specialists while reducing dependence on conventional banking roles. His remarks came after Standard Chartered announced plans to cut nearly 8,000 jobs by 2030 as it accelerates AI adoption across its business.

Paul Uren, JPMorgan’s Asia Pacific head of investment banking, said the bank was still in the early stages of deploying AI tools throughout its investment banking division worldwide. However, he added that executives were encouraged by the technology’s rapid progress and the efficiency gains it is already delivering.

According to Uren, AI tools are helping bankers access larger volumes of information and combine it quickly with the bank’s internal systems. He said the technology is streamlining the preparation of presentations, reports, and other client materials, while also enabling bankers to engage with clients more efficiently.

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JPMorgan is also among a limited number of organizations allowed by startup Anthropic to use its advanced Mythos cybersecurity model through the controlled “Project Glasswing” initiative. Anthropic says the model can identify decades-old vulnerabilities in browsers, software, and infrastructure systems.

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The development has raised concerns among cybersecurity experts, who warn that such advanced AI systems could also be exploited to launch more sophisticated cyberattacks, posing risks to banks and other industries that still rely heavily on older technology platforms.

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Industry analysts believe successful AI adoption could improve productivity, lower operational costs, and accelerate deal execution, giving large global banks a stronger competitive advantage worldwide.