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Jamie Dimon is now taking advice from Jeff Bezos and Condoleezza Rice
Yahoo Finance· 2025-12-09 13:13
Core Insights - JPMorgan Chase is launching a $1.5 trillion investment initiative aimed at enhancing national security and reducing reliance on foreign suppliers over the next decade [1][4] - The initiative is supported by a high-profile advisory panel including tech billionaires and former government officials, which will guide investment decisions [2][6] - Jamie Dimon has emphasized the importance of national resilience and the risks posed by foreign dependencies, particularly from China [3] Investment Strategy - The $1.5 trillion investment will encompass loans, underwriting, and various investments over the next ten years [4] - A new $10 billion fund will be established to support companies focused on sensitive technologies, including advanced chips, AI, and critical minerals [2] Advisory Panel Composition - The advisory panel is chaired by Jamie Dimon and includes notable figures such as Jeff Bezos, Condoleezza Rice, Michael Dell, and Robert Gates [2][6] - The panel will meet periodically to provide insights on investment strategies, although it holds no formal authority [5] Previous Initiatives - Dimon has previously set ambitious targets, including a $2.5 trillion climate-finance pledge, which has seen limited progress [5] - JPMorgan has already made an investment in Perpetua Resources, a mining firm focused on antimony production, highlighting the bank's commitment to securing critical resources [4]