Jamie Dimon, CEO of JPMorgan Chase, in a recent CNBC interview, brought to attention his belief in the substantial and enduring impact of artificial intelligence (AI), distinguishing it from the fleeting excitement of past tech bubbles. He highlighted the broad applications of AI beyond large language models like Chat GPT, predicting its integration into nearly every job.
“This is not hype. This is real. When we had the internet bubble the first time around … that was hype. This is not hype. It’s real,” said Dimon. “People are deploying it at different speeds, but it will handle a tremendous amount of stuff.”
JPMorgan has embraced this future, creating a chief data and analytics officer role and dedicating a 200-person team to AI research. Dimon, an optimist about AI’s potential, sees significant benefits in areas such as cybersecurity and pharmaceutical research, despite the risks of misuse.
On that note, Dimon said that AI might lead to the invention of cancer cures because it is capable of performing tasks beyond the capabilities of the human mind.
Featured image: Credit: CNBC
