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JPMorgan CEO Jamie Dimon says he'll add thousands of jobs focused on AI in the next couple of years
JPMJP MORGAN CHASE(JPM) Business Insider·2024-07-18 01:53

Core Insights - JPMorgan CEO Jamie Dimon emphasizes the significant impact of artificial intelligence (AI) on the workforce and productivity [1][4] - The company currently employs around 2,000 individuals focused on AI, with expectations to increase this number to 5,000 in the next few years [1][4] - JPMorgan has approximately 400 ongoing AI projects, with projections to expand to 800 in a year and 1,200 thereafter, focusing on areas such as marketing, fraud, and risk management [4] Company Strategy - AI is embedded across all business operations at JPMorgan, enhancing productivity and efficiency [3][4] - The company views AI as a transformative tool that can augment virtually every job, while also acknowledging the potential for job displacement [4][5] - Dimon highlights the dual nature of AI's impact, suggesting that while some jobs may be eliminated, new roles will also be created, although the net effect remains uncertain [5]