JPMorgan Chase CEO Jamie Dimon reiterated a nuanced and total upbeat view concerning the impact of synthetic intelligence on the economic system.
“For the most part, AI is going to do great stuff for mankind, like tractors did, like fertilizers did, like vaccines did,” he mentioned. “You know maybe one day we’ll be working less hard but having wonderful lives.”
Dimon added that AI nonetheless wants correct regulation to mitigate the draw back dangers, identical to different improvements all through historical past.
He additionally repeated his earlier warning that AI will get rid of jobs, however urged folks to give attention to uniquely human expertise like vital considering, emotional intelligence, and communication.
If AI sweeps via the economic system so rapidly that staff can’t adapt to new roles in time, Dimon recommended the general public sector and personal sector have roles to play.
“We—government and we the companies, society—should look at how do we phase it in a way that we don’t damage a lot of people,” he defined. “We should have done a little bit more on trade assistance years ago when you had a town that got damaged by the closure of a plant. And that you can do: you can retrain people, relocate people, income assistance, early retirement.”
In the meantime, AI can be creating jobs within the close to time period as new infrastructure requires extra development and fiber optics, he identified.
The feedback had been his newest on AI in latest months. In November, Dimon predicted AI will assist the developed world transition to a shorter workweek of simply three and a half days someday within the subsequent 20-40 years.
And on the Fortune Most Highly effective Girls Summit in October, he mentioned governments and corporations should plan for an AI future to keep away from a social backlash.
“It will eliminate jobs. People should stop sticking their heads in the sand,” he warned.
