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In a recent Bloomberg TV interview, JP Morgan Chase’s CEO Jamie Dimon discussed the important role artificial intelligence (AI) plays within his bank, highlighting its potential to improve both employee’s quality of life and healthcare outcomes.
Dimon raised the possibility of AI's ability to extend human lifespans and improve well-being. He stated, "Your children will live to 100 and not have cancer because of technology," envisioning a future in which AI contributes to healthcare advancements. Furthermore, he predicted a shorter workweek, with people working only three and a half days per week as a result of AI-driven productivity gains.
Dimon has been voiced about the importance of AI to JPMorgan, calling it "critical to our company's future success." The bank has made a significant investment in artificial intelligence, advertising over 3,500 related job openings earlier this year. Dimon underlined the bank's ongoing efforts, including over 300 AI use cases that are already in production, calling them "an absolute necessity."
Dimon did, however, acknowledge the risks associated with AI, particularly its misuse by threat hackers. He advised people to be cautious while admitting that job displacement is a result of technological advancements that have always been a part of progress.
Despite the challenges, Dimon's overall outlook on AI remains positive, as he continues to champion its transformative potential within JPMorgan Chase and around the world.
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