JPMorgan CEO Jamie Dimon thinks AI will shorten the work week and lead to medical breakthroughs, while acknowledging the technology's potential impact on the nation's workforce.
JPMorgan CEO Jamie Dimon thinks artificial intelligence will vastly improve people's lives, predicting 3-and-a-half day work weeks and cures for cancer. But he also said the technology could disrupt the labor market, requiring public-private approaches for retraining workers.
'I believe that 30 years from now... your kids are probably working three and a half days a week. They'll probably live to 100, and a lot of the diseases that afflicted a lot of us, they won't get,' he told 'CBS Evening News anchor' Tony Dokoupil.'Life will be better,' Dimon added, touting what he sees as the technology's potential benefits on everything from medical care to road safety.'AI's gonna cure cancers. It's gonna come up with better materials. It'll stop a lot of car crashes,' he said.Yet the nation's most prominent banking leader also acknowledged some of the adverse effects AI could have on the U.S. workforce. 'I mean, the world is getting very productive. AI's gonna do that. The risk is if it is too fast,' Dimon said, echoing concerns from experts that the tech could replace millions of workers. At the same time, Dimon also shares the view of many economists that AI will, over the long term, create more jobs than it destroys. The key for corporate and political leaders is to be prepared for those changes, he said, in part by ensuring that workers are shifted into new jobs or sectors as the economy demands. 'We take you, and we say, 'Hey, there are other jobs for you. We'll retrain you. We'll move you,'' he said. 'And it works. We have to do it in more scale.'Dimon also said critical industries, such as advanced manufacturing companies, could benefit from a redeployment of workers into areas where labor is in short supply. He suggested that the government and business world should join forces to develop solutions to address any issues that arise as AI is embedded across the economy. 'I do think AI in the long run will create huge benefits for society,' he said. 'If it causes problems in the short run, let's be prepared.'
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mitsubishi adopts JPMorgan blockchain for corporate paymentsThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
JPMorgan Chase unveils 'American Dream' initiative focused on small businessesThe bank plans to lend $80 billion to small businesses over the next 10 years as part of what it's calling the 'American Dream Initiative.'
Read more »
Jamie Dimon on 'FOX & Friends': US economy, AI, the American dream and blue state exodusJamie Dimon breaks down on 'FOX & Friends' why Americans are losing faith in the American Dream, what the Iran war means for your wallet, why people are leaving blue states, and how AI could reshape jobs and the future of work.
Read more »
JPMorgan CEO Jamie Dimon has blunt message for Wall Street about Iran war jittersToday's Business Headlines: 03/28/26
Read more »
Jamie Dimon says US must 'finish this thing' with Iran to protect global economyJPMorgan Chase CEO Jamie Dimon called for decisive U.S. action against Iran and says AI will transform the economy, comparing it to electricity and the internet.
Read more »
Jamie Dimon says he doesn't know if Iran war will be 'tipping point' for recessionJamie Dimon told 'CBS Evening News' anchor Tony Dokoupil that 'what's more important for the future of the world is that this war successfully conclude.'
Read more »