“Es probable que se produzca una corrección”: VP de JPMorgan sobre IA
About Daniel Pinto
Daniel Pinto, President of JPMorgan Chase, has been discussing the outlook for the U.S. economy, credit markets, and artificial intelligence (AI) valuations. In November 2025, speaking at the Bloomberg Africa Business Summit, Pinto stated that while the U.S. economy is likely to slow down, he does not expect a recession. He noted that inflation remains resilient and that the Federal Reserve may cut interest rates. Regarding AI, Pinto said that while JPMorgan is deploying large language models across its workforce to improve productivity, the technology is still in its early stages. He warned that the amount of capacity being created by AI companies may not be matched by revenue, stating, "It's likely... there is probably a correction there," which he said could also affect the broader S&P 500 and other industries. Pinto has also commented on private credit, expressing concern about direct lending to small businesses, an area he said "hasn't been tested through a downturn cycle." He described the U.S. economy as being in a "good place" but noted that inflation and geopolitics could derail optimism. Pinto is transitioning from his day-to-day role at JPMorgan, having been with the company for 43 years, and has said he will continue to advise CEO Jamie Dimon and the board on strategic issues. He has also expressed a positive view on Africa, noting JPMorgan's expanding presence in the region, and commented on Argentina's economic reforms under President Javier Milei, stating that while the economic front has improved, the political challenge of creating alliances for structural reforms remains.