genai / news / / New York Post
JPMorgan Chase CEO Jamie Dimon says AI will make his employees vastly more productive.
JPMorgan Chase will use AI to reduce workforce mainly through not replacing 25,000-30,000 annual departures.
KEY POINTS
- Current JPMorgan employees with obsolete roles will be retrained or shifted to different departments.
- Goldman Sachs expects to maintain workforce size by hiring engineers while replacing traditional banker roles with AI.
- Ken Griffin of Citadel admitted AI now completes weeks-long expert research in hours, altering investment strategy speed.
- Goldman Sachs research predicts 6%-7% of U.S. jobs will be displaced by AI in the next decade.
COMPANIES
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