Jamie Dimon, CEO of JPMorgan Chase, has urged investors to start worrying about the potential impact of artificial intelligence (AI) on jobs before it happens. He emphasized that businesses and governments need to prepare now to handle the labor disruption caused by AI.
Dimon believes that while AI can bring productivity gains, it also poses a significant risk to employment. He acknowledged that his own company is already deploying AI aggressively, but he’s taking steps to mitigate its effects on employees. JPMorgan has an LLM model used by 150,000 people every week and plans to redeploy workers who lose their jobs due to automation.
Dimon highlighted the potential risks of AI-driven job loss, citing a hypothetical scenario where autonomous vehicles could replace 2 million commercial truck drivers in the US overnight. He questioned whether society would be willing to accept such drastic changes, particularly for those who would see their six-figure income disappear.
To address this concern, Dimon emphasized the need for phased change and gradual adaptation. He called for government bans on mass AI layoffs if necessary and suggested that local governments offer incentives to companies to retrain workers. Ultimately, he believes that AI will revolutionize business and JPMorgan is committed to being at the forefront of this transformation.
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Source: https://fortune.com/2026/02/25/jamie-dimon-society-prepare-ai-job-displacement