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Jamie Dimon’s JPMorgan and other North American banks are so far ahead in the AI race that one indexing boss says it’s now a question of ‘Can others catch up?’

"There is a bit of a gap that is growing between the leaders in the index and those further behind because there is such an advantage in being the first mover." read more

The Memo: Special grants and Dimon chats

The “Jensen special grant” will reportedly vest in equal installments over four years. Many recent hires were given stock options worth $200,000, and they will receive an additional $50,000 of RSUs. Employees also get quarterly annual equity refreshers based on individual performance. Continue reading read more