Wednesday, April 10, 2024

AI Will Have a Huge Impact On Global Business This Year

©iStock/Sundry Photography
According to CEO of JPMorgan Chase Jamie Dimon, he believes artificial intelligence will have a huge impact on global business this year.  He knows its influence will be significant.

“We are completely convinced the consequences will be extraordinary and possibly as transformational as some of the major technological inventions of the past several hundred years: Think the printing press, the steam engine, electricity, computing and the Internet, among others,” the JPMorgan Chase (JPM) CEO wrote in the [annual shareholder] letter.

Dimon goes on to say, "Over time ... we anticipate that our use of AI has the potential to augment virtually every job, as well as impact our workforce composition. It may reduce certain job categories or roles, but it may create others as well.”

Full shareholder letter can be found here.

No comments: