Jamie Dimon said AI is a “living and evolving technology” that has the potential to transform business processes.
Infosys co-founder Narayana Murthy infamously grabbed headlines for his controversial words about work culture, where he advised young people to work 70 to 80 hours per week. Now, another prediction has been made by a man named Jamie Dimon, according to which future generations will enjoy shorter working days thanks to AI advancements. JP Morgan CEO Jamie Dimon believes that artificial intelligence will revolutionize the future. According to him, it can reduce the working hours of employees from 5 days a week to 3.5 days a week. He added that with the advancement of AI, human life expectancy will increase to 100 years and lifestyle will become healthier. In an interview, Dimon said that AI is a “living and evolving technology” that has the potential to change business processes and social norms over time. Damian has already incorporated it into the operations of his company, JP Morgan. Reports add that in the banking and financial sector, AI is being used in tasks like trading, hedging, research and error detection, with AI, companies will not only be able to reduce costs but also make processes more efficient.
Since the gradual spread of artificial intelligence, it has fueled widespread concern about replacing humans and eventual job losses. According to a report, AI could affect around 300 million jobs worldwide. About 25 percent of employees in the US are concerned that this technology could affect their jobs.
“People have to take a deep breath,” Dimon said. Technology has always replaced jobs. Your kids will live 100 years and won’t get cancer because of technology, and they’ll literally be working three and a half days a week.” According to a recent McKinsey report, generative AI and other emerging technologies could automate 60 percent. 70 percent of employee tasks.