Jamie Dimon, the CEO of JPMorgan Chase, recently gave a candid outlook on how artificial intelligence (AI) will reshape jobs in the near future. Speaking in an interview on Bloomberg Television, Dimon revealed that the company has leveraged AI since 2012 in areas like fraud detection, risk management, marketing, and idea generation. Despite these benefits, he warned that AI will significantly impact the workforce.
Dimon stated plainly that people should not ignore the changes coming: “It is going to affect jobs.” While AI can enhance many tasks, some jobs will inevitably be eliminated. The company spends around $2 billion annually on AI, and that investment has already generated roughly $2 billion in savings and efficiencies, demonstrating AI’s powerful role in the bank’s operations.
He emphasized the importance of staying ahead of the curve by retraining workers. “We retrain and redeploy a lot of people,” Dimon explained. He predicted that JPMorgan will create more jobs overall, but certain functions will see job reductions. Dimon called for proactive adaptation by businesses and employees alike in response to AI’s growing influence.
Other experts, including Bill Gates, suggest that some professions—coders, biologists, and energy specialists—may resist automation more than others. Still, Dimon’s message is clear: AI’s advance offers both opportunity and challenge, with an urgent need to prepare for the jobs of tomorrow.
