Exclusive-JPMorgan CEO Dimon leads new cross-industry effort to tackle AI risks

By Nupur Anand

NEW YORK, Aug 5 (Reuters) - JPMorgan Chase CEO Jamie Dimon is urging firm leaders to articulation a U.S.-focused manufacture radical to code risks posed by AI, arsenic firm America rapidly adopts the processing technology, 2 sources acquainted with ‌the substance said.

Dimon has personally reached retired to CEOs of different ample and large determination banks and IT companies to enlist them ‌in the initiative, which helium is expanding from a radical that JPM helped recovered called the Alliance for Critical Infrastructure, the sources said.

The ACI and Dimon person besides communicated ​with different prospective members successful an effort to docket calls successful August to sermon collaboration, the sources said.

The outreach, which started successful July, includes implicit 40 companies spanning fiscal services, energy, water, utilities, telecommunications, airlines, railroads and different captious infrastructure industries that trust heavy connected technology, the sources said. The ACI has not disclosed results of the effort truthful far.

Dimon's views connected the economy, regularisation and exertion are intimately followed. As caput of the largest U.S. bank, ‌he has been among a tiny radical of ⁠CEOs publically informing astir the risks posed by precocious AI systems.

AI RISKS AND SAFEGUARDS

The inaugural aims to make a shared knowing of however AI is being used, the risks it poses and the safeguards needed, and to enactment ⁠with the Trump medication connected those issues, the sources said. Recent cyberattacks connected h2o systems successful Minnesota and different states person accrued the request for much accusation sharing crossed industries, the sources said.

JPMorgan was a founding subordinate of the ACI alongside Mastercard, Berkshire Hathaway Energy and others. The enactment was created to coordinate ​cross-sector ​resilience planning, stock information, and respond to captious infrastructure threats, including cyber, physical, ​and geopolitical risk. The radical has a squad that is ‌also progressive successful refocusing the ACI and gathering up the AI effort.

Dimon said successful a connection that the ACI enactment had seen the request to prioritize AI "years agone and got captious infrastructure companies moving together."

"We are arrogant to enactment this important work," Dimon said.

The ACI said successful a connection that "at a clip of increasing cyber threats, protecting the systems Americans trust connected each time requires beardown collaboration betwixt authorities and captious infrastructure companies."

Mastercard and Berkshire did not respond to requests for comment.

The ACI would service arsenic an manufacture effect and information-sharing forum, with an intent to enactment with ‌government officials to place halfway AI and exertion risks, stock accusation and assistance lick ​problems arsenic they emerge, the sources said.