While artificial intelligence inevitably will eliminate some jobs, it offers enormous promises, JPMorgan Chase CEO Jamie Dimon said in an interview on Bloomberg TV.
“Your children are going to live to 100 and not have cancer because of technology,” Dimon said. “And literally, they’ll probably be working three-and-a-half days a week.”
The former board director of the Federal Reserve Bank of New York believes AI can help JPM develop new products, improve customer engagement, boost productivity and enhance risk management—with the bank already using artificial intelligence on 300 key projects.“Technology has done unbelievable things for mankind, but, you know, planes crash, pharmaceuticals get misused—there are negatives,” Dimon conceded.
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