Jamie Dimon warns that while AI’s long-term payoff may mirror the internet’s, current hype and timelines are overly optimistic, with companies potentially finding cheaper ways to use AI — creating future headaches. He’s not alone: Goldman Sachs’ David Solomon also sees bumps ahead as massive AI funding raises return questions. Yet Dimon’s intrigued by SpaceX’s audacious plan to build space data centers, calling the company “extraordinary” for its satellite internet. JPMorgan, flush with AI-driven profits and hefty IPO advisory fees — including from SpaceX — is deeply embedded in the tech boom. Meanwhile, SpaceX’s stock has wobbled since its IPO, underscoring how even visionary tech ventures face market turbulence.
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