JPMorgan CEO Jamie Dimon announces plans to address the impact of AI on workers, aiming for redeployment as automation accelerates. The bank’s workforce already uses AI technology, with an annual tech budget of nearly $20 billion. Dimon warns of potential widespread unemployment due to rapid AI adoption, urging society to plan for displaced workers.

Concerns about AI causing widespread unemployment prompt JPMorgan CEO Jamie Dimon to advocate for planning and support for displaced workers. Dimon likens AI’s impact to that of electricity or the printing press, emphasizing the need for businesses and governments to prepare for potential job displacement. Now is the time to address the risks posed by rapid AI adoption.

Read more at CNBC: JPM CEO Jamie Dimon says AI is reshaping workforce, bank plans ‘huge redeployment’