Jamie Dimon believes AI could help us have 'wonderful lives'

JP Morgan Chase CEO Jamie Dimon said connected Sunday that helium feels optimistic astir artificial intelligence, believing it has the imaginable to present a amended work-life equilibrium adjacent arsenic it triggers occupation cuts.

Speaking to Maria Bartiromo connected Fox News, Dimon said helium doesn’t judge "AI is going to dramatically trim jobs” successful the adjacent year. "For the astir part, AI is going to bash large worldly for mankind, similar tractors did, similar fertilizers did, similar vaccines did,” he said. “Maybe 1 time we’ll beryllium moving little hard but having fantastic lives."

Still, Dimon acknowledged determination volition beryllium continued layoffs tied to AI. And helium thinks some the backstage and nationalist sectors request to play a relation successful minimizing its damage, ensuring it is “properly regulated."

Government and corporations "should look astatine however bash we signifier it successful a mode that we don’t harm a batch of people,” helium told Bartiromo.

“We should person done a small spot much connected commercialized assistance years agone erstwhile you had a municipality that got damaged by the closure of a plant. And that you tin do. You tin retrain people, relocate people, income assistance, aboriginal retirement. And the adjacent occupation whitethorn beryllium a amended job," Dimon continued.

Dimon argued workers who are disquieted astir being replaced by AI tools should absorption connected captious thinking, affectional intelligence, communication, and hard skills to enactment ahead.

The CEO besides pushed backmost connected the narratives that businesses are much cautious connected hiring due to the fact that of AI; Dimon argued that jobs and wages are a small weaker "just due to the fact that [companies] privation to bash much with less" — a cardinal premise of automation.

This isn’t the archetypal clip Dimon has spoken positively astir however AI volition impact workers.

At the American Business Forum successful Miami this November, Dimon said: “My conjecture is the developed satellite volition beryllium moving 3 and a fractional days a week successful 20, 30, 40 years” acknowledgment to AI.

But Dimon's dreams are acold from fruition, and, successful fact, the other seems to beryllium happening. Workers astatine galore AI startups successful Silicon Valley are signaling 72-hour workweeks, pursuing the "996" docket — 9 a.m. to 9 p.m., six days a week — that's truthful brutal it was erstwhile banned successful China.

Still, galore of Dimon's peers person offered a akin outlook.

Tesla CEO Elon Musk said past period that helium believes AI has the powerfulness to hole America's nationalist debt.

"I think, actually, the lone happening that tin lick for the indebtedness concern is AI and robotics," Musk said successful a podcast interrogation with billionaire capitalist Nikhil Kamath. Musk believes it "probably would origin important deflation."

And Microsoft co-founder Bill Gates has said AI could bring astir a 2- oregon 3-day workweek and origin nine to fundamentally rethink its narration to work.