Jamie Dimon told analysts that though AI will lead to huge efficiency gains — and job cuts — it won't shrink operating costs.
By
Alice Tecotzky
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JPMorgan reported second-quarter earnings on Tuesday.
Dimon says AI already eliminated 30 to 40 percent of jobs in some JPMorgan divisions
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600 milioni in difese e non bastano: l'allarme AI di Jamie Dimon su JPMorgan
Jamie Dimon told analysts that AI has already eliminated 30 to 40 percent of jobs in some JPMorgan units, but competitive…
Dimon said that AI will impact "every job," and acknowledged efficiencies from the technology will lead to downsizing.
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Jamie Dimon says JPMorgan will hire more AI specialists and fewer traditional bankers, as AI boosts productivity across…
“I think it’s incumbent upon us, society, to think through if it happens too fast...”
Speaking from Shanghai, Dimon stated, "There will be all different types of jobs, and I think we will be hiring more AI people…
