AI can be used in 'every process' of JPMorgan operations, says CEO

from JPMorgan CEO Jamie Dimon sharp has trade, blanket, research And error detection as just a few of THE process that can be streamlined by AI.

News Join We on social networks

J.P. Morgan CEO Jamie Dimon said artificial intelligence could be applied has "each Single process" of her the company operations And can replace humans In certain roles.

In A October. 2 interview with Bloomberg, Dimon said he waits has see "all different types of models" And tools And technology For AI In THE future. "It is A life, breathing thing, he said, added:

"But THE path has think about For We East each Single process, SO Errors, trade, blanket, research, each application, each database, You can be to apply AI. »

"SO he could be as A co-pilot, he could be has replace humans … AI East TO DO all THE equity blanket For We For THE most part. It is idea generation, It is big language models," he said, add more in general, he could Also impact customer service.

"AI East real"

J.P. Morgan CEO Jamie Dimon said artificial intelligence will be part of "each Single process," add It is Already "TO DO all THE equity blanket For We" https://t.co/EtsTbiME1a pic.twitter.com/J9YD4slOpv

— Bloomberg (@business) October 2, 2023

"We Already to have thousands of people TO DO he," said THE J.P. Morgan CEO about AI research, including a few of THE "high scientists around THE world. »

Request if he waits AI will replace a few jobs, Dimon said "of course" — but stress that technology has always do therefore.

"People need has take A deep breath. Technology has always replaced jobs," he explained.

"Your children will live has 100 And not to have cancer because of technology And literally they go probably be functioning three days A week. SO technology do amazing things For humanity. »

However, Dimon recognized there are Also "negatives" has emerging...