Oct 7 (Reuters) - JPMorgan Chase ( JPM ) CEO Jamie Dimon

said he would welcome proposed changes to ease the US Securities

and Exchange Commission's quarterly earnings report

requirements, Bloomberg News reported on Tuesday.

Dimon made his remarks during an interview on Bloomberg TV,

where he also touched upon the bank's yearly AI spends.

Last month, U.S. President Donald Trump had renewed his

call, first made in 2018, that U.S. companies should be allowed

to report earnings every six months instead of on a quarterly

basis, saying the move would save money and allow managers to

focus on running the companies.

Paul Atkins, chairman of the U.S. SEC, said last week that

the regulator is fast-tracking Trump's push, sparking

transparency concerns around the potentially major shift for

U.S. companies.

"The bigger problem wasn't just reporting quarterly. It was

forecasting, where CEOs get their back up against a wall. They

have to meet these things - earnings - and then they start doing

dumb stuff to meet earnings, and that kind of public pressure,"

Dimon said in the Bloomberg interview.

Dimon, who has been outspoken about regulations hindering

public markets, said the bank would continue to provide

investors with quarterly updates but with "much less stuff,"

even if it were no longer required to do so.

In the interview, Dimon also said that JPMorgan ( JPM ) spends $2

billion annually on developing artificial intelligence

technology, and saves almost the same amount yearly from the

investment.

"We know that it's got to billions of cost savings and I

think it's the tip of the iceberg," Dimon said.

The largest U.S. lender has been accelerating its adoption

of artificial intelligence to boost performance, alongside peers

Goldman Sachs ( GS ) and Morgan Stanley ( MS ), with its CEO

advocating for AI and calling it transformative.