Artificial intelligence is expected to navigator to human workforce reductions, but what about work-life settlement?

Speaking with BloombergTV in October 2023, JPMorgan Chase & Co. CEO Jamie Dimon noted how AI is already here and being used by thousands of his employees. Like many technology advancements, AI will eliminate jobs, but it may arrive with benefits for the worker, he said.

“Your children are going to live to 100 and not have cancer because of technology,” Dimon previously told Bloomberg TV. “And literally they’ll probably be working three-and-a-half days a week.”

His worry with the technology, he said, is that it is used “by impoverished people to do impoverished things.”

What is generative AI?Benefits, pitfalls and how to use it in your day-to-day.

Dimon’s view of AI counters usual doom and gloom

Dimon is the CEO of JPMorgan Chase & Co., one of the largest banks in the globe. He is worth $2.6 billion according to Forbes.

Dimon has previously said that AI will bring changes comparable to “the printing press, the steam engine, electricity, computing and the Internet.”

But the boom in popularity of AI over the last few years has stoked concern about rapid recent concept without guardrails and job deficit. An IMF update found that 40% of jobs worldwide will be affected by machine learning, according to the globe Economic Forum.

But Dimon’s comments indicate he sees some of those impacts as positive. He listed off a few ways his employees have been incorporating AI, like concept production and note-taking.

“People have to receive a deep breath, okay? Technology’s always replaced jobs,” Dimon said. “It will add a huge worth. And for JPMorgan, if it replaces jobs, then we aspiration to redeploy people.”

Kinsey Crowley is a trending information reporter at USA TODAY. Reach her at [email protected], and pursue her on X and TikTok @kinseycrowley.