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JPMorgan Chase chairman and CEO Jamie Dimon joins ‘Sunday Morning Futures’ to debate a trillion-dollar initiative to deliver vital business again to America, financial tensions with China, his tackle the federal government shutdown and extra.
JPMorgan Chase CEO Jamie Dimon provided an optimistic outlook on synthetic intelligence (AI), predicting the expertise is not going to “dramatically cut back” jobs over the subsequent 12 months — offered it’s correctly regulated.
Dimon was requested by Fox Information’ Maria Bartiromo on “Sunday Morning Futures” what Individuals ought to do to organize for this “new revolution that is underway with AI,” particularly provided that the expertise is “creating efficiencies to the extent that it’s reducing jobs.”
Earlier than answering the query immediately, Dimon prefaced his response by noting that jobs and wages had been weakening even earlier than the rise of widespread AI adoption, and that expertise is to not blame for that pattern.
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Jamie Dimon, chief government officer of JPMorgan Chase & Co., on the UK International Funding Summit at Hampton Court docket Palace in London, UK, on Monday, Nov. 27, 2023. (Chris Ratcliffe/Bloomberg by way of Getty Photographs / Getty Photographs)
“Look, I do not suppose AI goes to dramatically cut back jobs like unbelievably subsequent 12 months. And for essentially the most half, AI goes to do nice stuff for mankind, like tractors did, like fertilizer did, like vaccines did — it will save lives,” Dimon mentioned.
“Now, after all, it must be correctly regulated,” he added. “There are downsides to AI, identical to there are to airplanes, prescribed drugs, automobiles. All issues get utilized by unhealthy individuals. So assuming that the federal government found out some strategy to put guardrails round AI… however it can get rid of jobs. It does not imply that folks will not produce other jobs.”
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The CEO continued, providing his recommendation for Individuals who could also be anxious about AI affecting their careers.
Jamie Dimon, chief government officer of JPMorgan Chase & Co., speaks throughout the America Enterprise Discussion board in Miami, Florida, on Thursday, Nov. 6, 2025. (Eva Marie Uzcategui/Bloomberg by way of Getty Photographs / Getty Photographs)
“My recommendation to individuals could be, you recognize, vital considering, be taught abilities, be taught your EQ, discover ways to be good in conferences, how one can talk, how one can write. You may have loads of jobs and, if it does occur too quick for society, which is feasible, you recognize, we won’t assimilate all these people who rapidly,” Dimon mentioned.
In keeping with Dimon, if the federal government and huge firms are initially unable to make widespread AI adoption work for the general public, it is as much as these events to determine a plan to section within the expertise “in a means that will not harm lots of people.”
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The CEO reiterated that whereas some jobs could also be misplaced to AI, the expertise can be utilized to “retrain individuals, relocate individuals,” and supply earnings help and even early retirement.
“The following job could also be a greater job, however they must discover ways to do the job,” he added, noting once more that folks with specialised abilities will at all times be beneficial.
Jamie Dimon predicted that abilities like building might be very important in constructing the infrastructure wanted for AI.
“It may trigger in all probability extra jobs within the quick run in complete,” he added.
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