Recently, the United States has been hit by rare earths, and it's been in a mess. JPMorgan has stepped forward, saying it will launch a 10-year plan, investing $10 billion to support "frontier" technologies.

Whether it's a show or not, JPMorgan's attitude shows that business also has national boundaries.

As the largest bank in terms of assets and a major player on Wall Street, JPMorgan has always been providing capital blood for these industries.

The largest U.S. rare earth company, MP Materials, is also involved.

JPMorgan's newly launched "Security and Resilience" program includes a $10 billion investment, as well as financing assistance for companies crucial to U.S. interests and security, with an amount as high as $1.5 trillion.

Why is JPMorgan doing this?

Of course, it is directly related to the recent rare earth countermeasures that the United States has faced. After the U.S. tried to respond with tariffs, the stock market suffered a sharp drop.

It can be said that the embarrassing defeat has dealt a heavy blow to the proud Americans.

Although JPMorgan is profit-driven, it has come forward at this time, saying it wants to rebuild strength and resilience, allowing the U.S. to obtain key minerals and life-saving medicines.

At least, its attitude is appropriate.

JPMorgan's $10 billion investment plan will be directed into four areas:

First, defense and aerospace;

Second, frontier technologies related to artificial intelligence and quantum computing;

Third, energy technologies including batteries;

Fourth, supply chains and advanced manufacturing.

In the 1950s, the United States launched the "Frontier of Infinity" plan, which initiated government-funded science and technology programs.

This allowed the United States to achieve remarkable technological advances in the following decades.

Today's United States is no longer the same as it was back then. It is busy with political strife, expelling immigrants, reducing research funding, and repairing universities.

JPMorgan is fully aware of everything happening in the United States. The U.S. has indeed declined, and it has plummeted rapidly.

However, from JPMorgan's actions, we still cannot underestimate it.

The United States still has a large number of enterprises. They have technology, funds, and maintain very strong competitiveness. This is another side of the United States.

Original: www.toutiao.com/article/1845875716618376/

Statement: This article represents the views of the author.