The CEO of JPMorgan Chase believes that AI will massively reshape society but warns that the path ahead could prove to be chaotic.
In a new CBC interview, Jamie Dimon says the world’s future looks bright with AI.
According to Dimon, AI will help scientists cure diseases, allowing people to live longer and more enjoyable lives.
“I believe that 30 years from now, a lot of people, your kids, are probably working three and a half days a week. They’ll probably live to 100. And a lot of the diseases afflicted a lot of us, they won’t get. There’ll be cures for cancer. Cars will be safer. Planes will be safer. Life will be better. You can hike more. Do all the things. The world is getting very productive. AI is going to do that.”
But he warns that it is within the realm of possibility that AI gets adopted too fast. In such a scenario, Dimon says it would spark a massive wave of job losses, leaving companies and governments struggling to equip people with AI skills for the evolving job market.
“The risk is if it is too fast. I don’t know if it’s going to be too fast. I think there’s some risk to that… Again, my view about risk isn’t to guess what’s going to happen. It’s to look at the range of possibilities and say, can you handle them? And what would you do if?”
Dimon concludes that long-term productivity gains are likely, but companies and governments must prepare for a near-term job disruption.
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