AI is not outdated, as Jamie Dimon, the CEO of JPMorgan Chase, has emphasized, despite his earlier dismissal of it as a “pet rock.” Rather, he acknowledges it as legitimate technology.
Jamie brought out recent advancements in AI in the fields of pharmacology and cybersecurity, which have made AI a useful tool in the long run. In his view, artificial intelligence is more of a “partner than a competitor.” His current perspective is that AI is a “partner, rather than a competitor.” It can accomplish more than humans, he continued, therefore it might aid in the development of a cancer treatment.
In his Monday interview with CNBC, Dimon stated:
Initially, the internet bubble was overhyped. This is not exaggeration. It is real. People are deploying it at different paces, but it can handle a huge quantity of data.
JPMorgan collaborated with TIFIN last year in an effort to expand into the AI services market.
The founder of JPMorgan established the “chief data and analytics role,” and 200 workers conducted research on massive language models, demonstrating the company’s commitment to AI. Forecasts indicate that AI is rapidly displacing traditional industries and will continue to grow until 2030.
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