JPMorgan (NYSE: JPM) CEO Jamie Dimon says…
AI will take over jobs – especially in customer service.
But he also thinks AI will create new jobs just like the internet did.
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Jamie Dimon isn’t sugarcoating the truth…
Artificial Intelligence WILL replace many jobs.
But to him it’s just another inevitable shift – one that JPMorgan is ready to handle.
As he explained in a Bloomberg interview…
“If [AI] changes jobs and operations elsewhere, we’ll deal with it. We have turnover 20% a year. We love to retrain people, redeploy them, re-educate them. And so I’m not worried about it.”
Dimon compares AI to the steam engine and the internet.
They were disruptive forces that sparked fears about job losses.
But they ended up boosting productivity and creating new jobs that didn’t even exist before.
That’s exactly what I said after ChatGPT came out. I said…
“Will Artificial Intelligence usher in “The End of Work”?
For some people – the answer is YES.
Millions of jobs will be destroyed. Companies that fail to adapt will go out of business. And entire industries will be turned upside down.
Yet AI is already creating new jobs that we couldn’t imagine a few years ago.
Had you ever heard of an “AI Prompt Engineer” before 2023? That’s now a job title that’s very in demand.
AI will continue to create millions of new jobs – replacing the old ones.”
Here’s the big takeaway.
AI will create a brand-new future.
One that’s probably VERY different from today…
And full of new opportunities too.
For investors, this tech breakthrough is one of the best opportunities to cash in on this unstoppable trend.
It’s what FUELS the Artificial Intelligence revolution.
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Yours in Wealth,
Ian Wyatt