Jamie Dimon predicts AI will shorten the workweek: ‘My guess is the developed world will be working three and a half days a week’

Core Insights - Jamie Dimon predicts that AI will significantly optimize work schedules, potentially leading to a three-and-a-half-day work week in the developed world within 20 to 40 years, enhancing quality of life [1][2] - The transition to AI-driven productivity will not be without challenges, including job displacement, necessitating proactive measures for retraining and support [2][3] AI Implementation at JPMorgan - JPMorgan Chase has established itself as a leader in AI, with approximately 2,000 employees dedicated to building AI systems and around 150,000 employees utilizing large language models weekly for various internal tasks [1] - The bank is actively exploring hundreds of AI use cases, including fraud detection, legal review, reconciliations, and marketing optimization [1] Economic Considerations of AI - Dimon emphasizes that the economics of AI differ from those of the internet, highlighting the capital and power demands of AI infrastructure [4] - Investors are advised to evaluate AI projects on a case-by-case basis, considering revenue generation and associated risks rather than adopting a broad investment theme [4] Future of Work and Leadership - The future work environment may involve fewer hours but increased value, contingent on leaders modernizing data and investing in AI capabilities [5] - JPMorgan is conducting AI master classes for senior managers to enhance understanding of current AI tools and their applications [5]