When JPMorgan Calls AI "Core Infrastructure," the Rest of the Enterprise World Should Listen

JPMorgan Chase made a quiet announcement this month that deserves attention than it has received. The bank formally reclassified its AI investments not as experimental R&D, not as digital transformation initiatives, but as core infrastructure. The 2026 technology budget stands at approximately $19.8B, with 2,000 staff dedicated specifically to AI development. Core infrastructure. Not innovation. Not exploration. Infrastructure. The word choice is deliberate.