- JPMorgan CEO Jamie Dimon is a big believer in the impact artificial intelligence will have on the workforce.
- The CEO recently told LinkedIn that the company has about 2,000 employees focused on AI.
- “My guess is that number will be 5,000 in a few years,” he said.
JPMorgan Chase's Jamie Dimon said the bank could add thousands of jobs over the next few years, with a focus on artificial intelligence.
In an interview with LinkedIn editor-in-chief Dan Ross, the JPMorgan CEO praised AI as a valuable “productivity tool” and said it's already impacting employees, including at the bank.
“AI is a huge thing,” Dimon said. “We're embedding it into everything we do.”
The CEO told LinkedIn that JPMorgan has about 2,000 employees working on data and analytics, machine learning research, and other areas important to AI, and that number could grow.
“My guess is that number will be 5,000 in a few years,” he added.
Dimon also said the company has 400 “AI projects” and will continue to grow each year. In an April shareholder letter, the CEO said AI use cases include marketing, fraud and risk management.
“My guess is it'll be 800 a year, 1,200 after that,” he said. “It's unbelievable when you think about the marketing, the risk, the fraud, with all that we do.”
A JPMorgan spokesperson did not immediately respond to Business Insider's request for comment.
In an April shareholder letter, Dimon praised the advent of AI, saying the technology has the potential to “augment virtually every job.”
He also said that GenAI (a product similar to ChatGPT) will “rethink entire business workflows.”
The CEO told LinkedIn that AI will create jobs as well as eliminate them, but it's unclear what the ratio of jobs lost to jobs created will be.
“Will there be fewer jobs? Yes, because we know we've already answered the question,” he said. “There will be more jobs. So at the end of the day, we don't know, but we're not going to shut our eyes to reality.”
