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Beyond Silicon Valley, Spending on Technology Is Resilient



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JPMorgan Chase, the big bank, has a technology staff of 55,000, up from about 50,000 before the pandemic. It has hired people with skills in cloud computing, data science, A.I. and cybersecurity, and the bank will continue to add people selectively, said Lori Beer, the bank’s global chief information officer.Global technology surveys point to the weakness in spending on hardware. After a pandemic surge, sales of personal computers and smartphones for remote work and to consumers have fallen sharply. Two major technology research firms, Gartner and IDC, have lowered their growth forecasts in recent months, citing a continued slump in personal computers, the turbulent econ …

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