New Delhi, July 21 -- Amid growing debate over whether the AI spending boom will deliver returns, JPMorgan Chase CEO Jamie Dimon struck an optimistic note, saying the investments will likely pay off-but not in the way or on the timeline many expect.

He said, "The amount of money being spent is huge. Will it, in total, pay off? Probably, just like the internet did."

Pointing at previous trends, he said that during the internet boom, big early players such as Yahoo and Netscape faded while eventual winners such as Google and Facebook emerged later. "Will it pay off the way you expect and the timetable you expect? Definitely not," Dimon said.

Noting that markets are too complacent about mounting geopolitical and fiscal risks, JPMorgan Cha...