According to the Financial Times, JPMorgan, Morgan Stanley, SMBC and MUFG are exploring significant risk-transfer deals to shift portions of AI data center debt off their balance sheets, after racing to underwrite such loans for projects tied to Oracle and Meta. One case cited by Bloomberg involves $38 billion in construction debt for an Oracle-leased data center project in Texas and Wisconsin, which a bank group including JPMorgan and MUFG has spent over six months trying to distribute, with some lenders now selling pieces at a discount to non-bank buyers.
startupfortune.com
· 2026-10-14
JPMorgan Chase's third-quarter results fell short of Wall Street's revenue and profit estimates, an unusual miss for the largest U.S. bank by assets. CEO Jamie Dimon attributed part of the shortfall to softer fixed-income trading revenue and expenses outpacing revenue, while the bank also said trading and investment banking activity had moderated. JPMorgan shares dropped more than 3% in premarket trading before trimming losses after the bank raised its 2026 net interest income guidance.
cnbc.com
· 2026-10-13
Hiring data firm Draup found that AI-related job postings at banks including JPMorgan Chase, Citigroup and Capital One rose 49% this year to 139,819 listings. Within that total, postings seeking skills in coordinating multiple AI agents working together, known as agent orchestration, jumped 1,721%, according to the analysis shared exclusively with CNBC.
cnbc.com
· 2026-10-02
Job postings for AI-related roles at banks including JPMorgan Chase, Citigroup and Capital One rose 49% in 2025 to 139,819 listings, according to hiring-data firm Draup. Draup found that mentions of 'agent orchestration' — designing AI agents to work together on tasks — grew 1,721%, the fastest-growing skill category it tracked. The firm's CEO Vijay Swaminathan said banks need people who understand both data and where to deploy AI.
cnbc.com
· 2026-10-02
Maria Cabral Menezes, a 27-year-old former JPMorgan and Citadel trader, left finance to launch Reset Spray, a $29 product she describes as 'dry shampoo for clothes' that lets people refresh lightly worn garments between washes. The spray, which debuted in early August, generated $10,000 in sales in under a day and a half.
entrepreneur.com
· 2026-09-18
Meta's Threads platform has been flooded with posts using nearly identical wording, in which users claim they and their spouses work at major companies like PepsiCo, JPMorgan, Fidelity, or IBM before pivoting to promote investment advice or opportunities. The repetitive phrasing across accounts suggests coordinated or automated activity rather than genuine personal testimonials.
fastcompany.com
· 2026-09-18
Gill Haus, CIO of Chase's consumer banking division, said the bank no longer hires engineers primarily to write code, since AI agents increasingly handle that task. Instead, he looks for engineers who understand what code should be written and how to evaluate and direct AI-generated output, while product leaders are also taking on coding responsibilities.
zdnet.com
· 2026-09-11
Meta reportedly built an internal leaderboard called Claudeonomics that ranked employees by AI token consumption, awarding titles like 'Token Legend' to top users who burned through over 60 trillion tokens in a month. Similar tracking has surfaced at Disney, JPMorgan, KPMG, Amazon, and Accenture, with some firms incorporating AI usage into performance reviews.
fastcompany.com
· 2026-09-09
Thrive Capital founder Josh Kushner issued a statement defending his firm's involvement as lead investor in FIFA's now-abandoned FIFA Forward Enterprise plan, which would have sold private investors a 20% stake in FIFA's commercial rights for $4.2 billion. The plan collapsed after European and North American member associations objected to outside private-equity influence, and FIFA scrapped the proposal before it could go to a vote. Kushner said he still believes the underlying concept was sound but would not have gotten involved had he anticipated the fallout.
techcrunch.com
· 2026-09-01
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