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AI holds the promise of longer lives, shorter workweeks, and economic growth

Jpmorgan CEO sees AI transforming healthcare, workforce, and global economy

03-Oct-2023

Key points from article :

JPMorgan Chase CEO Jamie Dimon envisions a future where AI extends human life expectancy to 100 years, with its potential to combat cancer.

In this AI-driven future, Dimon predicts a shortened workweek of just 3½ days, marking a significant shift in work-life balance.

JPMorgan's investments in AI are poised to bring substantial value, revolutionizing critical areas such as research, trading, and customer service.

While acknowledging that AI will replace some jobs, Dimon remains optimistic, suggesting that displaced workers can transition to new roles within the company.

A recent Goldman Sachs report underscores the global impact of AI, potentially affecting up to 300 million jobs worldwide.

Additionally, AI's transformative power may not only reshape the workforce but also enhance productivity, potentially driving an up to 7% increase in global GDP, as highlighted in Goldman Sachs' report.

Mentioned in this article:

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Goldman Sachs

Global financial institution

Jamie Dimon

Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co.

JPMorgan Chase & Co

American multinational financial services firm

Topics mentioned on this page:
Artificial Intelligence (AI), Life Expectancy
AI holds the promise of longer lives, shorter workweeks, and economic growth