Lori Beer

Global Chief Information Officer, Jpmorgan Chase

Search every verified Lori Beer interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Lori Beer, Global Chief Information Officer at JPMorgan Chase, spoke at AWS re:Invent 2024 in December, providing an update on the firm's technology strategy. She stated that JPMorgan Chase invests $17 billion in technology and has 44,000 software engineers managing over 6,000 applications and nearly an exabyte of data. Beer said the firm processes $10 trillion in payments daily. She noted that the core principles of the firm's cloud program have not changed over the past four years, focusing on a strong security foundation, modernization, and enabling services like AI. Beer reported that the firm migrated its flagship consumer app, chase.com, to AWS two years ago, using an active-active-active configuration across multiple AWS regions. She said the firm rolled out an internal AI assistant called LLM Suite to approximately 200,000 employees and is exploring use cases for generative AI, including AI-generated ideas for bankers and advisors, travel itinerary building, call transcript summarization, and AI code generation tools for developers. In a subsequent interview at the same event, Beer discussed the firm's approach to AI and data. She stated that JPMorgan Chase has a lot of data and restrictions around its use and privacy. Beer said the firm's continued prioritization is around continuous modernization, and that the next phase of its partnership with AWS is focused on making AI scale. She noted that the firm has been doing AI for a long time and is now focused on both generative AI and traditional AI. Beer also mentioned that price performance is becoming a significant issue, and that engineers need to understand the cost and performance of the applications or models they deploy.