CEO of America’s largest bank Jamie Dimon says: We have displaced people for AI, and we offer them …
Jamie Dimon, the CEO of America’s largest bank JPMorgan Chase has urged the businesses and governments to start preparing for the labour disruption that artificial intelligence could bring. According to a report a Fortune, speaking at the company’s event, Dimon said that society should not wait until job losses materialise before addressing them. “I’m not predicting [it] can be a problem. I’m simply saying now’s the time to start thinking about what you do if it does,” he cautioned. Dimon further emphasises that JPMorgan is embracing AI transformation rather than ignoring it. The bank has already deployed a large language model used by 150,000 employees weekly, and Dimon also acknowledged that productivity gains from AI could mean the bank will employ fewer people in the next five years.
