The boss of Wall Street’s biggest bank expects AI to transform the workplace, but he has sounded a note of caution about the technology.
Artificial intelligence will eventually enable people to live to 100 and work just three-and-a-half days a week, the boss of Wall Street’s biggest bank has said.
It comes as the UK prepares to host a global summit on AI Safety next month, which will be focused on the potential risks associated with the technology and how to control them. The emergence of new tools such as OpenAI’s ChatGPT have also led to predictions that the technology could result in large-scale job losses. In workplaces, AI tools can already be used to summarise emails, write essays and compile research.Goldman Sachs, JP Morgan’s biggest Wall Street rival, warned in March that generative AI could replace the equivalent of 300 million full-time jobs.
He previously said that the technology can be used to develop new products, boost customer engagement and enhance risk management for the bank.
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