HomeWealth ManagementJPMorgan’s Dimon Predicts 3.5-Day Paintings Week for Subsequent Era

JPMorgan’s Dimon Predicts 3.5-Day Paintings Week for Subsequent Era


Jamie Dimon mentioned synthetic intelligence is already being utilized by 1000’s of workers at his financial institution, and is more likely to make dramatic enhancements in staff’ high quality of existence, even supposing it gets rid of some jobs.

“Your youngsters are going to are living to 100 and now not have most cancers on account of era,” Dimon mentioned in an interview on Bloomberg TV Monday. “And actually they’ll almost certainly be running three-and-a-half days per week.”

Dimon, who has referred to as AI “vital to our corporate’s long term good fortune,” in the past mentioned the era can be utilized to assist the company expand new merchandise, pressure buyer engagement, give a boost to productiveness and beef up chance control.

The New York-based company marketed for greater than 3,500 similar roles between February and April, in keeping with information from consultancy Obtrusive, and Dimon devoted a whole phase to AI in his shareholder letter this yr, calling JPMorgan’s efforts, which come with greater than 300 use instances already in manufacturing, “an absolute necessity.”

Even with the positives presented through AI, the era does pose dangers, Dimon mentioned.

“Era has executed incredible issues for mankind however, , planes crash, prescribed drugs get misused — there are negatives,” he mentioned. “This one, the most important unfavorable for my part is AI being utilized by dangerous other people to do dangerous issues.”

The CEO mentioned AI may substitute some jobs, however that’s at all times been the case with new era.

–With the help of Emily Chang.

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