# Jamie Dimon, CEO of JPMorgan Chase, has said the company is likely to hire more artificial intelligence specialists while reducing the number of traditional banking roles.

*genai · news · 2026-05-21 · Livemint*

## Key points

- JPMorgan Chase anticipates hiring more AI specialists while reducing traditional banking roles due to AI integration.
- The bank spends nearly $20 billion annually on technology, with significant investments in AI infrastructure.
- Jamie Dimon expects JPMorgan to employ fewer people in five years despite global expansion.
- AI is projected to improve analyst productivity and expand research coverage at JPMorgan.
- Dimon suggests governments and corporations may need to collaborate on retraining if automation accelerates job losses.

**Companies:** JPMorgan Chase, Goldman Sachs, Citigroup, Wells Fargo
**Countries:** United States

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