JPMorgan Chase CEO Jamie Dimon reiterated his generally optimistic outlook on AI's economic impact during a Sunday interview.
The head of America's largest bank acknowledged recent corporate caution in hiring but stated this was unrelated to AI, expressing skepticism about predictions of significant AI-driven job losses next year.
"To a large extent, AI will do wonderful things for humanity, just like tractors, fertilizers, and vaccines," he said. "Perhaps someday we won't need to work so hard to enjoy a good life."
Dimon added that AI still requires proper regulation to mitigate downside risks, similar to other historical innovations.
While repeating his earlier warning about AI replacing jobs, he urged people to focus on uniquely human skills like critical thinking, emotional intelligence, and communication.
Should AI transform the economy too rapidly for workers to adapt, Dimon suggested both public and private sectors must play roles. "We—government, companies, society—should consider phased implementation that doesn't harm many people... through retraining, relocation, income assistance, or early retirement," he explained.
He noted AI is simultaneously creating short-term jobs through new infrastructure demands like construction and fiber optics.
This marks Dimon's latest in a series of AI commentaries. Last month, he predicted AI could help developed nations reduce workweeks to 3.5 days within 20-40 years.
At an October event, he emphasized that governments and businesses must plan for AI's future to avoid social backlash. "It will eliminate jobs. People shouldn't keep their heads in the sand," Dimon warned.
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