Jamie Dimon, CEO of JPMorgan Chase, envisions a future where artificial intelligence (AI) reshapes work norms and advances human health to the point where Americans could live to 100. In a recent Bloomberg TV interview, Dimon suggested AI could lead to shorter workweeks and transformative societal benefits, though he acknowledged potential disruptions.
Dimon, a strong proponent of traditional workplace values such as hard work and in-office collaboration, predicts that AI could allow future generations to work just three and a half days a week. He credits the technology with offering solutions to global challenges, such as cancer treatments and productivity improvements, that could enhance living standards. “Your children are going to live to 100 and not have cancer because of technology,” Dimon said, adding that AI will “replace jobs,” but societies have adapted to such changes before.
AI is already playing a significant role at JPMorgan Chase, assisting with tasks such as error detection, trading, research, and hedging. Despite fears of job loss—Goldman Sachs projects 300 million roles could be displaced globally—Dimon emphasized opportunities for workforce redeployment. The company’s recent acquisition of First Republic serves as a model, where 90 percent of employees retained their roles or transitioned to new positions within JPMorgan.
Dimon’s perspective aligns with a McKinsey report estimating that AI and related technologies could automate 60 to 70 percent of current tasks, adding $2.6 to $4.4 trillion annually to the global economy. This could enable employees to work fewer hours while maintaining productivity, echoing long-standing predictions like John Maynard Keynes’s 1930 essay forecasting 15-hour workweeks due to technological progress.
Dimon acknowledged potential risks of AI, including misuse in cyber warfare, but called for robust safeguards to minimize harm. While some employees may experience disruption, he expressed confidence in JPMorgan’s ability to manage transitions, highlighting its annual hiring of 30,000 employees as a framework for addressing displacement caused by AI.
The CEO’s optimism underscores both the promise and the challenges of AI, as industries prepare for its profound impact on the workforce and society.
