Jamie Dimon says AI could help shorten work week, cure cancer

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JPMorgan CEO Jamie Dimon thinks artificial quality volition vastly amended people's lives, predicting 3-and-a-half time enactment weeks and cures for cancer. But helium besides said the exertion could disrupt the labour market, requiring public-private approaches for retraining workers.

"I judge that 30 years from now... your kids are astir apt moving 3 and a fractional days a week. They'll astir apt unrecorded to 100, and a batch of the diseases that afflicted a batch of us, they won't get," helium told "CBS Evening News anchor" Tony Dokoupil.

"Life volition beryllium better," Dimon added, touting what helium sees arsenic the technology's imaginable benefits connected everything from aesculapian attraction to roadworthy safety.

"AI's gonna cure cancers. It's gonna travel up with amended materials. It'll halt a batch of car crashes," helium said.

Yet the nation's astir salient banking person besides acknowledged immoderate of the adverse effects AI could person connected the U.S. workforce.

"I mean, the satellite is getting precise productive. AI's gonna bash that. The hazard is if it is excessively fast," Dimon said, echoing concerns from experts that the tech could regenerate millions of workers.

At the aforesaid time, Dimon besides shares the presumption of galore economists that AI will, implicit the agelong term, make much jobs than it destroys. The cardinal for firm and governmental leaders is to beryllium prepared for those changes, helium said, successful portion by ensuring that workers are shifted into caller jobs oregon sectors arsenic the system demands.

"We instrumentality you, and we say, 'Hey, determination are different jobs for you. We'll retrain you. We'll determination you,'" helium said. "And it works. We person to bash it successful much scale."

Dimon besides said captious industries, specified arsenic precocious manufacturing companies, could payment from a redeployment of workers into areas wherever labour is successful abbreviated supply. He suggested that the authorities and concern satellite should articulation forces to make solutions to code immoderate issues that originate arsenic AI is embedded crossed the economy.

"I bash deliberation AI successful the agelong tally volition make immense benefits for society," helium said. "If it causes problems successful the abbreviated run, let's beryllium prepared."

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