Jamie Dimon, CEO, JPMorgan, mentioned that artificial intelligence could be applied to “every single process” of his firm’s operations and may replace humans in certain roles, stated Cointelegraph.
With insights from an interview with Bloomberg on October 2, 2023, Dimon mentioned that he expects to see “all different types of models” and tools and technology for AI in the future. “It’s a living, breathing thing,” Dimon added.
“But the way to think about for us is every single process, so errors, trading, hedging, research, every app, every database, you can be applying AI. So it might be as a co-pilot, it might be to replace humans. AI is doing all the equity hedging for us for the most part. It’s idea generation, it’s large language models,” Dimon explained.
Dimon concluded that AI will add “huge value” to the workforce and in the event that the firm replaces its employees with AI, he hopes they will be able to redeploy displaced workers in more suitable work environments
(With insights from Cointelegraph)
