Diningon finally joins AI debate

43
1
Diningon finally joins AI debate

With the global attention to artificial intelligence, Wall Street's Jamie Dimon has finally joined the conversation.

If our robotic overlords ever take our jobs, they will not be able to take our jobs, she said.

The tools and language models are already being deployed at JP Morgen, helping the banking giant to do its equity hedging, he said.

It's more than a job-taking bogeyman, he said. He boasts numerous key advantages, much like any new technology.

The bank's employees are already using the technology to increase their work and JP Morgan will look to redeploy people if AI suppresses more jobs.

But he said that there might be some setbacks but emphasized that they should be seen as part of the package.

From crypto to AI, and back again.

Although he has received widespread praise for AI, Dimon has been less enthusiastic about the leading cryptocurrency.

He has, however, waxed poetic about the future of decentralized finance, known as DeFi.

In a statement, Dimon said that JPMorgan is 'at the forefront' of these innovations in a 2022 letter to shareholders.