AI to steal your job? JPMorgan’s Jamie Dimon makes this important statement amid layoff fears; hails Nvidia as ‘unbelievable company’
File photo: JPMorgan Chase & Co chief executive Jamie Dimon (Picture credit: AP)His comments counter the widespread concern that automation will cause massive job losses across industries.Speaking to CNN, Dimon explained that JPMorgan’s focus is on using AI to enhance efficiency rather than reduce staff numbers. “We always redeploy,” he said, referring to employees whose roles are reshaped by new technology. While acknowledging that AI will reduce workloads in several areas, he emphasised that “it will also ...