{"id":120808,"date":"2025-11-06T09:13:08","date_gmt":"2025-11-06T09:13:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/120808\/"},"modified":"2025-11-06T09:13:08","modified_gmt":"2025-11-06T09:13:08","slug":"ai-to-steal-your-job-jpmorgans-jamie-dimon-makes-this-important-statement-amid-layoff-fears-hails-nvidia-as-unbelievable-company","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/120808\/","title":{"rendered":"AI to steal your job? JPMorgan\u2019s Jamie Dimon makes this important statement amid layoff fears; hails Nvidia as \u2018unbelievable company\u2019"},"content":{"rendered":"

\"AIFile photo: JPMorgan Chase & Co chief executive Jamie Dimon (Picture credit: AP) JPMorgan Chase & Co chief executive Jamie Dimon has said the bank\u2019s workforce is likely to remain steady or even grow as artificial intelligence becomes more deeply embedded in its operations. His comments counter the widespread concern that automation will cause massive job losses across industries.Speaking to CNN, Dimon explained that JPMorgan\u2019s focus is on using AI to enhance efficiency rather than reduce staff numbers. \u201cWe always redeploy,\u201d he said, referring to employees whose roles are reshaped by new technology. While acknowledging that AI will reduce workloads in several areas, he emphasised that \u201cit will also create jobs,\u201d particularly in data, analytics and technology infrastructure.His remarks come as several major US companies, including Amazon, Meta, and Microsoft, have carried out large-scale layoffs while accelerating their investment in AI. Amazon has already cut around 14,000 corporate roles this year as part of its AI-driven restructuring, sparking debate about the long-term impact of automation on the American workforce.However, JPMorgan, the largest US bank by assets, has adopted a different stance. Dimon told CNN that although the broader labour market has weakened, it is uncertain whether that trend will persist.As per Bloomberg, he maintained a cautiously optimistic outlook, noting that technological innovation historically generates more employment than it replaces. \u201cThere has been a weakening in the broader labour market,\u201d he said, adding, \u201cThe economy is still chugging along. It may have gotten a little bit weaker, but right now it\u2019s still kind of in that soft landing.\u201dPraising AI\u2019s potential, Dimon called chipmaker Nvidia an \u201cunbelievable company,\u201d adding that the technology is \u201creal\u201d and capable of making firms \u201chugely productive.\u201d He compared today\u2019s AI boom to the internet revolution, saying, \u201cThey may not all pay off, but you did get Google, Facebook, YouTube, part of Microsoft, Amazon, Salesforce\u2026 Yeah, there was a little bit of a bubble in there.\u201dDimon believes AI holds \u201cenormous\u201d potential for breakthroughs in medicine, engineering, and other fields, suggesting that \u201cmankind should benefit.\u201dHe admitted that AI could displace up to 80% of jobs in some professions but said new opportunities would arise elsewhere. The key, he added, will be \u201cthoughtful\u201d government support and \u201cproper regulation\u201d if AI evolves faster than society can adapt.<\/p>\n","protected":false},"excerpt":{"rendered":"File photo: JPMorgan Chase & Co chief executive Jamie Dimon (Picture credit: AP) JPMorgan Chase & Co chief…\n","protected":false},"author":2,"featured_media":120809,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,85056,85054,17692,363,364,85055,37421,33463,27465,14684,17304,111,139,1042,69,145],"class_list":{"0":"post-120808","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-ai-in-banking","10":"tag-ai-job-impact","11":"tag-ai-technology","12":"tag-artificial-intelligence","13":"tag-artificialintelligence","14":"tag-automation-and-layoffs","15":"tag-economic-outlook","16":"tag-employment-opportunities","17":"tag-future-of-work","18":"tag-jamie-dimon","19":"tag-jpmorgan-chase","20":"tag-new-zealand","21":"tag-newzealand","22":"tag-nvidia","23":"tag-nz","24":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/120808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=120808"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/120808\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/120809"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=120808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=120808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=120808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}