JPMorgan CEO Jamie Dimon has assembled a high-profile advisory panel, including Jeff Bezos and Condoleezza Rice, to guide a $1.5 trillion national security investment push. The goal is to reduce America’s reliance on foreign countries over the next decade, focusing on critical technologies and minerals.

The panel, chaired by Dimon, also includes leaders like Michael Dell and former Defense Secretary Robert Gates. Dimon emphasized the importance of national security, warning about potential global instability and the need for strategic investments.

JPMorgan announced a new $10 billion investment fund led by Todd Combs to support companies developing sensitive technologies. Dimon has been vocal about the risks of relying on foreign suppliers, particularly in critical industries like minerals, batteries, and pharmaceuticals.

As part of the security initiative, JPMorgan invested in Perpetua Resources, a mining company working on antimony production in Idaho. The $1.5 trillion investment plan will cover various financial activities over the next decade to enhance national resilience.

Despite previous ambitious pledges like a $2.5 trillion climate finance initiative, Dimon is determined to prioritize national security. The advisory group, which includes top business and government figures, will provide insights on strategic investment decisions.

The advisory panel features influential figures like Bezos, Gates, and retired generals, offering valuable perspectives on national security spending. While the group lacks formal authority, it serves as a valuable resource for JPMorgan’s investment strategy and decision-making process.

Read more at Yahoo Finance.: Jamie Dimon is now taking advice from Jeff Bezos and Condoleezza Rice