TECH - Jamie Dimon Equates AI To Printing Press Steam Engine: 'Consequences Will Be Extraordinary' | Benzinga
JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon addressed the potential of artificial intelligence (AI) in his annual letter published Monday, April 8.
What Happened: Dimon has previously expressed optimism toward AI, and that sentiment hasn’t changed.
"While we do not know the full effect or the precise rate at which AI will change our business — or how it will affect society at large — we are completely convinced the consequences will be extraordinary and possibly as transformational as some of the major technological inventions of the past several hundred years," Dimon said.
Dimon compared AI to other well-known inventions (i.e., the printing press, steam engine, the Internet) from the past several hundred years.
"We have been actively using predictive AI and ML for years — and now have over 400 use cases in production ...