Artificial intelligence is expected to lead to human workforce reductions, but what about work-life balance?
Speaking with BloombergTV in October 2023, JPMorgan Chase & Co. CEO Jamie Dimon noted how AI is already here and being used by thousands of his employees. Like many technology advancements, AI will eliminate jobs, but it may come with benefits for the worker, he said.
“Your children are going to live to 100 and not have cancer because of technology,” Dimon told Bloomberg TV. “And literally they’ll probably be working 3½ days a week.”
His worry with the technology, he said, is that it is used “by bad people to do bad things.”
What is generative AI?Benefits, pitfalls and how to use it in your day-to-day.
Dimon’s view of AI counters usual doom and gloom
Dimon is CEO of JPMorgan Chase & Co., one of the largest banks in the world. He is worth $2.6 billion, according to Forbes.
Dimon has said AI will bring changes comparable to “the printing press, the steam engine, electricity, computing and the internet.”
But the boom in popularity of AI over the past few years has stoked concern about rapid innovation without guardrails and with the elimination of jobs. An IMF report found that 40% of jobs worldwide will be affected by machine learning, according to the World Economic Forum.
But Dimon’s comments indicate he sees some of those effects as positive. He listed a few ways his employees have been incorporating AI, such as idea generation and note-taking.
“People have to take a deep breath, OK? Technology’s always replaced jobs,” Dimon said. “It will add a huge value. And for JPMorgan, if it replaces jobs, then we hope to redeploy people.”
Kinsey Crowley is a trending news reporter at USA TODAY. Reach her at kcrowley@gannett.com, and follow her on X and TikTok @kinseycrowley.
