AIBusiness

JPMorgan Chief Warns AI Job Displacement Inevitable, Urges Workforce Preparation

JPMorgan Chase CEO Jamie Dimon has emphasized that job losses due to artificial intelligence are unavoidable, comparing it to historical shifts caused by tractors and cars. He advocates for proactive measures including upskilling, income support, and retraining to ease the transition and avoid social upheaval.

AI’s Inevitable Impact on Employment

JPMorgan Chase CEO Jamie Dimon has stated that artificial intelligence will inevitably eliminate jobs, and those who deny this reality “should stop sticking their head in the sand, according to reports from his conversation with Fortune Editor-in-chief Alyson Shontell. Dimon drew parallels to past technological shifts, noting that “tractors and so did cars” also displaced workers, indicating that AI is following a similar transformative path, the report states.