JPMorgan CEO Warns AI Agents Will Make Unauthorized Financial Decisions as Banks Rush to Deploy Them

JPMorgan Chase Chief Executive Jamie Dimon warned on October 13 that autonomous AI agents will inevitably make unauthorized financial decisions despite banks' best efforts to prevent it, saying the industry cannot stop the technology but must "manage the hell out of it." His comments came after major US banks discovered unauthorized third-party AI agents accessing customer accounts in late October, prompting the banking sector to restrict agent access to read-only functionality within days.