Jamie Dimon says AI is changing bank jobs as Wall Street backs crypto

JPMorgan Chase CEO Jamie Dimon said the slope expects to prosecute much artificial quality (AI) specialists portion gradually reducing reliance connected accepted banking roles arsenic AI adoption accelerates crossed the fiscal sector.

Speaking connected Bloomberg Podcasts successful an interrogation published connected May 21, Dimon said the bank’s workforce is expected to displacement progressively toward engineers, information scientists and AI-focused employees arsenic automation becomes much integrated into mundane banking operations.

The JPMorgan CEO has repeatedly warned astir AI’s interaction connected the aboriginal workforce.

In his yearly shareholder missive published successful April, helium warned that AI could reshape the labour marketplace faster than workers and institutions whitethorn beryllium prepared for.

Related: JPMorgan sees 1 wide victor successful crypto close now

Dimon has consistently urged businesses not to underestimate the gait of AI adoption. In an October 2025 interrogation with Bloomberg Podcasts, helium said companies that “put their caput successful the sand” astir AI hazard falling down competitors arsenic the exertion transforms industries including finance, healthcare, logistics and manufacturing.

Meanwhile, JPMorgan expects to walk astir $19.8 cardinal connected exertion successful 2026, according to comments made by Chief Financial Officer Jeremy Barnum during the bank’s February institution update.

Barnum attributed rising exertion costs to AI infrastructure demand, higher hardware and representation costs, and ongoing level investment.

Dimon's stance connected AI isn't new; successful fact, helium has been vocal astir the interaction of AI connected the labour markets for long.

In a Bloomberg Originals interview from April 2024, helium talked astir AI's relation successful the bank's future, saying:

"The astir important happening is that AI is real. It's a living, breathing thing. But the mode to deliberation astir it for america is each azygous process, you're going to beryllium applying AI. So it mightiness beryllium arsenic a copilot, it mightiness beryllium to regenerate humans."

When pressed connected occupation displacement, helium added:

"Technology ever replaces jobs. For JPMorgan, if it replaces jobs, you know, we anticipation to redeploy people."

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Dimon erstwhile called Bitcoin a "fraud". His slope is present each successful

While Dimon's views astir the relation of AI person been consistent, his position connected cryptocurrency has shifted meaningfully implicit the years.

He famously called Bitcoin a "fraud" successful 2017 and spent years comparing it to favored rocks.