Will There Be a Serious US Market Correction?

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Jamie Dimon, who leads JP Morgan, America's largest bank, said he was "far more worried than others" about a serious market correction, which he said could come in the next six months to two years.

Asked later in the interview about his political ambitions, Dimon said it "wasn't on the cards", and his focus was on keeping JP Morgan as a "healthy and vibrant company."

"If you gave me the presidency, I'd take it," he joked. "I think I'd do a good job."

AI Will Have a Huge Impact On Global Business This Year

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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.