AI to steal your job? JPMorgan’s Jamie Dimon makes this important statement amid layoff fears; hails Nvidia as ‘unbelievable company’

Core Viewpoint - JPMorgan Chase & Co's CEO Jamie Dimon emphasizes that the bank will focus on using AI to enhance efficiency rather than reduce staff numbers, countering concerns about job losses due to automation [2][4]. Group 1: AI and Employment - Dimon states that while AI will reduce workloads in certain areas, it will also create jobs, particularly in data, analytics, and technology infrastructure [2][4]. - He acknowledges that AI could displace up to 80% of jobs in some professions but believes new opportunities will arise elsewhere [5]. Group 2: Economic Outlook - Dimon maintains a cautiously optimistic outlook on the economy, noting that technological innovation historically generates more employment than it replaces [3][4]. - He mentions a weakening in the broader labor market but asserts that the economy is still progressing, describing it as being in a "soft landing" [3][4]. Group 3: AI's Potential - Dimon praises AI's potential, comparing the current AI boom to the internet revolution, and highlights companies like Nvidia as examples of significant technological advancement [3][4]. - He believes AI holds "enormous" potential for breakthroughs in various fields, including medicine and engineering, suggesting that humanity should benefit from these advancements [3][4].