JPMorgan CEO Says AI Could Bring A 3.5-Day Workweek

JP Morgan Bank In The City

Jamie Dimon, JPMorgan´s CEO, talked about AI in the workplace and how he thinks that the next generation of workers will only need to go into the office 3.5 days a week.

In his recent interview with Bloomberg, Dimon said that AI is helping eliminate some of the more tedious tasks of the workday. The benefits of artificial intelligence are already being used by thousands of employees at his bank.

The downside? Some jobs will likely be entirely replaced by technology. However, Jamie Dimon believes that, despite some roles becoming obsolete, artificial intelligence will lead to a boosted quality of life for the next generation of workers. 

“Your children will live to 100 and not have cancer because of technology and they’ll probably be working three and a half days a week,” the CEO told Bloomberg.

This will not only allow for more leisure time for workers, It’ll also impact the finance industry, affecting all aspects of workflow.

“Every single process, so, errors, trading, hedging, research, every app every database, you could be applying AI. So it might be as a co-pilot, it might be to replace humans,” Dimon said. But he also assured that JPMorgan would “redeploy” anyone whose job is replaced by AI.

The bank hires some 30,000 people a year, and that he expects many displaced workers will be transferred to new locations and roles within the company.

Dimon says the bank’s investments in AI “will add huge value” and is being leveraged across the firm’s research, trading, customer service and other functions.

As many as 300 million jobs around the world could be affected by AI, according to a recent Goldman Sachs report.


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