Jamie Dimon claims AI will not cause major job – Business News
JPMorgan Chase CEO Jamie Dimon supplied an optimistic outlook on artificial intelligence (AI), predicting the technology will not “dramatically reduce” jobs over the subsequent yr — supplied it’s correctly regulated.
Dimon was requested by Fox News’ Maria Bartiromo on “Sunday Morning Futures” what Americans ought to do to organize for this “new revolution that’s underway with AI,” particularly provided that the technology is “creating efficiencies to the extent that it is cutting jobs.”
Before answering the query immediately, Dimon prefaced his response by noting that jobs and wages had been weakening even earlier than the rise of widespread AI adoption, and that technology is not guilty for that trend.
“Look, I don’t think AI is going to dramatically reduce jobs like unbelievably next year. And for the most part, AI is going to do great stuff for mankind, like tractors did, like fertilizer did, like vaccines did — it’ll save lives,” Dimon stated.
“Now, of course, it needs to be properly regulated,” he added. “There are downsides to AI, just like there are to airplanes, pharmaceuticals, cars. All things get used by bad people. So assuming that the government figured out some way to put guardrails around AI… but it will eliminate jobs. It doesn’t mean that people won’t have other jobs.”
Dimon was requested by Fox News’ Maria Bartiromo on “Sunday Morning Futures” what Americans ought to do to organize. FOX NEWS
Dimon’s advice to people anxious about AI taking their job is to “learn skills, learn how to be good in meetings, and how to communicate.” StockPhotoPro – stock.adobe.com
The CEO continued, offering his advice for Americans who could also be anxious about AI affecting their careers.
“My advice to people would be, you know, critical thinking, learn skills, learn your EQ, learn how to be good in meetings, how to communicate, how to write. You’ll have plenty of jobs and, if it does happen too fast for society, which is possible, you know, we can’t assimilate all those people that quickly,” Dimon stated.
According to Dimon, if the federal government and huge firms are initially unable to make widespread AI adoption work for the public, it’s up to these events to determine a plan to part within the technology “in a way that won’t damage a lot of people.”
The CEO reiterated that whereas some jobs could also be misplaced to AI, the technology can be utilized to “retrain people, relocate people,” and supply income help and even early retirement.
Dimon reiterated that whereas some jobs could also be misplaced to AI, the technology can be utilized to “retrain people, relocate people.” AFP by way of Getty Images
“The next job may be a better job, but they have to learn how to do the job,” he added, noting again that people with specialised expertise will all the time be beneficial.
“It’s going to cause probably more jobs in the short run in total,” he added.
