In recent times, major US banks such as Bank of America, JPMorgan Chase, and Morgan Stanley have announced significant funding plans, linking them to the “economic security” or “national security” of the United States in their official statements. The funding will be directed towards fields including artificial intelligence infrastructure, energy grids, and critical minerals.
Bank of America unveiled its “Critical Infrastructure Finance Plan” on August 12, earmarking $250 billion to be invested within 18 months (by July 4, 2027) in digital infrastructure, energy and power infrastructure, and core infrastructure sectors. The bank stated that this initiative is in commemoration of the 250th anniversary of the founding of the United States.
Two days earlier on August 10, Morgan Stanley introduced the “US Innovation Infrastructure Initiative,” aiming to facilitate approximately $1.5 trillion in capital raising, financing, advisory, and related investment activities over the next decade. The initiative focuses on innovative platforms and strategic industries like artificial intelligence and semiconductors, infrastructure construction to support the innovative economy, and providing capital to high-growth companies.
Even earlier, on October 13, 2025, JPMorgan Chase launched the “Security and Resilience Initiative,” planning to facilitate $1.5 trillion in funding over the next decade towards industries such as energy, manufacturing, and defense. Within this $1.5 trillion, JPMorgan Chase plans to invest up to $10 billion directly in equity and risk ventures to assist certain American companies in scaling up.
The $1.5 trillion announced by JPMorgan Chase and Morgan Stanley represents the total amount of capital activities that the banks will help facilitate, covering financing arrangements, advisory services, and capital market transactions, rather than funds directly invested by the banks themselves; Bank of America’s $250 billion initiative is similar in nature but differs in measurement methods and time span.
Karen Fang, Global Head of Infrastructure and Sustainable Finance at Bank of America, stated in an official announcement, “Meeting the growing infrastructure needs of the United States requires mobilizing capital on a large scale across increasingly interconnected industries.” Jamie Dimon, CEO of JPMorgan Chase, mentioned when announcing the bank’s initiative that America’s external dependence on critical minerals, products, and manufacturing has made related national security risks increasingly apparent.
Both Bank of America and Morgan Stanley have listed the construction of artificial intelligence data centers as one of their key focus areas; JPMorgan Chase’s plan, on the other hand, emphasizes energy, manufacturing, and defense sectors, also encompassing specialized research on AI-related supply chains. A Goldman Sachs research report estimated in early August that domestic AI-related investments in the United States in 2026 are approximately $581 billion, while the global scale is around $10.19 trillion.