JPMorgan ChaseThe CEO of said that artificial intelligence is an invention comparable to the printing press.
Jamie Dimon He earns most of his annual income letter Discussing the impact of AI with shareholders at the nation's largest bank and the world.
“[W]”We believe the results will be astounding and potentially as transformative as any of the major technological inventions of the past few hundred years,” Dimon wrote. “Think of the printing press, the steam engine, electricity, the computer, and the internet.”
The bank has used predictive AI and machine learning for years in areas including marketing, fraud and risk, the letter said. The bank is exploring the use of generative AI in areas including software engineering, customer service and business operations.
“We are investing additional funding in our AI capabilities, and many of these projects will pay for themselves,” Dimon wrote. “Over time, we expect the use of AI to augment nearly every job and impact the composition of the workforce; certain jobs and roles may decline, but others may emerge.”
This month, several technology companies Labor force Towards the AI era.
“AI is being used in various industries and Job Description“There is a recognized urgent need to train employees in the essential skills to succeed in an AI-driven environment,” PYMNTS wrote on Friday (April 5).
Francine Katzdas, CiscoAs executive vice president and chief people, policy and purpose officer at the AI Consortium, which is part of the effort, she emphasized that AI presents an opportunity for the private sector to take the lead in upskilling and reskilling the workforce. She highlighted the Consortium's commitment to working with governments, non-governmental organizations and academic institutions to ensure that the AI revolution benefits everyone.
In previous PYMNTS reports, AI Technology like Chat GPTWhile this has the potential to boost productivity, it could also disrupt the job market.
the study Goldman Sachs Through automation, work in the United States and Europe, especially in the areas of law and administration.
“While a large portion of jobs could be automated, the report suggests that the majority of employees will remain employed and fewer than half of tasks will be automated,” PYMNTS wrote. “Only 7% of U.S. workers are in jobs where AI could potentially replace at least half of their duties, potentially resulting in job losses.”
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