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Key Takeaways Jamie Dimon is the CEO of JPMorgan Chase, the largest bank in the U.S. by assets.
Dimon recently urged people to stop worrying about AI’s impact on jobs.
He said AI has “created a lot of jobs” at JPMorgan and “reduced jobs” in other areas “a little bit.”
JPMorgan Chase CEO Jamie Dimon, who leads the largest bank in the U.S. with assets of $3.9 trillion, said this week that leaders are uncertain about how AI will impact the workforce — but he is optimistic about technology creating new jobs.
JPMorgan could soon become the world’s first $1 trillion bank, with a market capitalization of $916 billion at the time of writing. Dimon, who has led the bank as CEO for 20 years, said at the Pennsylvania Defense and Innovation Summit earlier this week that “we don’t really know” how AI will leave a mark on the workforce as the technology develops.
“You know, it’s created a lot of jobs in our company, and yeah, there are areas where it’s reduced jobs a little bit,” Dimon said, per Fox Business.
He added that he is sure that “technology always creates new jobs.” The question is if the shift “happens too fast.” In that scenario, AI could cause job loss, Dimon said.
However, he added that “I think we’re kind of scaring the whole world much more rapidly than we should about it.”
Dimon said that “we all have to be more rational” about AI use, based on his experience within his own company. Leaders face a choice, he said. They can cut costs by doing less or focus on moving faster. He said he leans toward speed, getting more done quickly and delivering higher-quality results sooner.
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