JPMorgan Chase CEO Jamie Dimon is bullish on the benefits of artificial intelligence, which is already being used by thousands of employees at his bank, and he predicts it'll usher in the norm of a shortened workweek.
"Your children are going to live to 100 and not have cancer because of technology," Dimon said Monday in an interview with Bloomberg TV.
Dimon says the bank's investments in AI "will add huge value" and is being leveraged across the firm's research, trading, customer service and other functions.
When asked if the technology is likely to replace some bank jobs, he responded that "of course" it will, but that "technologies always replace jobs."
Tech innovations also create new jobs and opportunity: AI technology could improve labor productivity and boost global GDP by as much as 7% over time, Goldman Sachs' report noted.
Persons:
Jamie Dimon, Dimon, Goldman Sachs, He's, JPMorgan Chase, autoworkers —
Organizations:
JPMorgan, Bloomberg, Pew Research Center, CNBC