JPMorgan CEO Jamie Dimon says AI will reduce the bank's headcount within five years as the firm hires AI and blockchain experts over traditional bankers.

JPMorgan plans to hire more AI engineers while cutting back-office roles, with CFO calling for hiring freezes and a projected 10% reduction in operations jobs.

Jamie Dimon revealed JPMorgan Chase plans to prioritize hiring AI specialists over traditional bankers as artificial intelligence transforms the financial industry.