JPMorgan’s Jamie Dimon stated that he’ll doubtless add hundreds of extra jobs centered round synthetic intelligence at his firm within the subsequent couple of years.
In an interview with LinkedIn’s Editor in Chief Dan Roth, the JPMorgan CEO lauded AI as a precious “productiveness instrument” that’s already impacting the workforce, together with at his financial institution.
“It is enormous,” Dimon stated of AI. “And what we do is we have embedded it in all of our companies.”
The CEO advised LinkedIn that JPMorgan has about 2,000 staff taking a look at information and analytics, machine studying analysis, and different areas vital for AI, and that quantity is prone to broaden.
“My guess is that quantity goes to be 5,000 in a few years,” he added.
As well as, Dimon stated his firm has 400 “AI initiatives” and can proceed to develop annually. The CEO told shareholders in an April letter that the use instances are in advertising, fraud, and threat.
“My guess is 800 in a yr — 1,200 after that,” he stated. “It’s unbelievable for advertising, threat, fraud. Consider every thing we do.”
A JPMorgan spokesperson didn’t instantly return a request for remark from Enterprise Insider.
Dimon beforehand exalted AI’s arrival within the April shareholder letter, saying that the expertise has the potential to “increase just about each job.”
He additionally stated GenAI — suppose merchandise just like ChatGPT — will “reimagine complete enterprise workflows.”
The CEO advised LinkedIn that AI will remove jobs whereas including some new ones. Nonetheless, he is not sure what the proportion of losses and additions will likely be.
“Will it remove jobs? Yeah, as a result of we already see it answering questions,” he stated. “It’s going to add jobs, too. So, the net-net: I do not know. However we’re not going to stay our head within the sand.”
