JP Morgan ChaseCEO said that artificial intelligence is an invention equivalent to the printing press.
jamie dimon spent most of the year letter To shareholders discussing the impact of AI on the nation's largest bank and the world.
“[W]We have full confidence that the results will be extraordinary, perhaps as transformative as any major technological invention of the past several hundred years,” Dimon wrote. “Think of the printing press, the steam engine, electricity, computing, the Internet, etc.”
The bank has long used predictive AI and machine learning in areas such as marketing, fraud and risk, the letter said. We are looking at using generative AI for software engineering, customer service, operations, and more.
“While we are investing more money in AI capabilities, many of these projects are paying for themselves,” Dimon wrote. “Over time, we expect the use of AI to enhance virtually every job and potentially impact the composition of the workforce. There is also the possibility that new jobs and roles will be created.”
Several technology companies this month Labor force Towards the AI era.
“AI will transform various industries, Job details“We recognize the urgent need to train employees in the skills essential to succeed in an AI-driven environment,” PYMNTS wrote on Friday (April 5).
Francine Katsudas, CiscoThe executive vice president and chief policy and purpose officer of . She highlighted the consortium's efforts to collaborate with governments, non-governmental organizations, and academic institutions to ensure the AI revolution benefits everyone.
Previous reports by PYMNTS include: AI technology like Chat GPTcan increase productivity and at the same time disrupt the job market.
research by goldman sachs predicts that automation could impact one in four work in the United States and Europe, especially in the fields of law and public administration.
“Although the majority of jobs are likely to face automation, the report suggests that most employees will remain employed and less than half of tasks will be automated.” writes PYMNTS. “Only 7% of U.S. workers are in roles where AI can take over at least half of their duties, potentially leading to job loss.”
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