JPMorgan's $1.5T National Security Push

JPMorgan Chase, led by CEO Jamie Dimon, has assembled a high-profile advisory group to guide a $1.5 trillion national security spending initiative over the next decade. The group, featuring tech billionaires like Jeff Bezos and Condoleezza Rice, aims to reduce Americas dependence on foreign nations for critical resources and technologies. The bank has also announced a $10 billion investment fund to back companies developing sensitive technologies. The initiatives first deal involved a stake in Perpetua Resources, a mining company in Idaho, highlighting the strategic importance of this investment.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.