JPMorgan Chase CEO Jamie Dimon doesn’t sugarcoat AI impact on jobs; says: Yes AI will lead to layoffs, but this does not mean ...

JPMorgan Chase CEO Jamie Dimon issued a stark warning about AI's disruptive potential, predicting job losses but also opportunities for worker redeployment. The bank is investing $2 billion annually in AI, already realizing significant cost savings and benefits. Dimon emphasized proactive adaptation, noting AI's integration across all bank functions and the importance of employee retraining.

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