JPMorgan CEO Jamie Dimon Is Seeking To Put Safeguards In Place For AI. He’s Launching A Cross-Industry Coalition.
JPMorgan Chase CEO Jamie Dimon is spearheading a new cross-industry initiative aimed at addressing the growing risks posed by artificial intelligence, seeking to form an expanded U.S. business coalition that will bring together some of the nation’s largest companies.
According to an exclusive Reuters report, Dimon has personally contacted chief executives from major banks, regional lenders and technology companies in recent weeks, encouraging them to join an expanded version of the Alliance for Critical Infrastructure (ACI), a group JPMorgan helped establish to improve resilience against threats targeting essential U.S. services.
The outreach, which began in July, has already extended to more than 40 companies representing industries that form the backbone of the American economy, including financial services, energy, water utilities, telecommunications, airlines, railroads and other operators of critical infrastructure.
Sources familiar with the effort told the outlet that discussions are expected to continue through August as organizers work to recruit additional members and define the group’s priorities.
Unlike individual corporate AI strategies, the revamped Alliance for Critical Infrastructure is intended to function as an information-sharing network where companies can exchange intelligence about emerging AI threats, identify common vulnerabilities and coordinate responses with federal agencies before incidents escalate.
The effort also seeks to establish a shared understanding of how AI systems are being deployed across industries, the risks associated with increasingly capable models, and the safeguards necessary to reduce those dangers.
Organizers plan to work closely with the Trump administration as policymakers develop approaches to securing critical infrastructure against AI-enabled threats.
Recent cyberattacks targeting public infrastructure have added urgency to those discussions. Incidents affecting water systems in Minnesota and several other states have shown how cyberattacks can leave communities vulnerable.
JPMorgan was among the founding members of the Alliance for Critical Infrastructure alongside companies including Mastercard and Berkshire Hathaway Energy. The organization was created to improve coordination on cyber, geopolitical and physical threats affecting critical infrastructure operators. It is now being repositioned with artificial intelligence as a central focus.
“We are proud to support this important work,” Dimon said in a statement, adding that ACI leadership recognized the importance of prioritizing AI years ago and began bringing critical infrastructure companies together around the issue.
The Alliance for Critical Infrastructure also emphasized the importance of public-private cooperation. “At a time of growing cyber threats, protecting the systems Americans rely on every day requires strong collaboration between government and critical infrastructure companies,” the organization said in a statement.
The expanded initiative comes as concerns over advanced AI models continue to grow across both government and industry. Financial institutions have embraced generative AI to improve several services, while utilities, transportation companies and telecommunications providers increasingly rely on AI-driven systems to manage complex networks.
However, experts have warned that those same technologies could be exploited by cybercriminals to automate attacks, identify software vulnerabilities more quickly or target critical infrastructure with greater sophistication.
Dimon has emerged as one of the most outspoken Wall Street executives on AI safety. In July, he warned publicly about the dangers posed by Anthropic’s powerful Mythos AI model, comparing unrestricted access to advanced AI capabilities to placing “ballistic missiles” into the hands of individuals.
Reuters noted that the new ACI initiative is separate from an ongoing banking industry effort to evaluate risks associated with the Mythos model. The corporate initiative also aligns with broader federal efforts to strengthen AI security.
Last month, the U.S. government launched the Gold Eagle initiative, bringing together AI developers, infrastructure operators and federal agencies to exchange information about vulnerabilities identified by advanced AI systems and coordinate mitigation efforts. According to Reuters, organizers expect the expanded Alliance for Critical Infrastructure to become fully operational before the end of the year.
