"He isn't speaking in hypotheticals. Dimon has turned JPMorgan into a live-fire AI lab. Roughly 2,000 people are building AI systems; about 150,000 employees use large language models every week on internal documents; and the bank has hundreds of use cases running, from fraud detection to legal review, reconciliations, and marketing optimization. Dimon's three-and-a-half-day forecast hinges on that cumulative productivity. As AI absorbs routine work, the same output may require fewer hours. But he's adamant the transition won't be painless."
""It will eliminate jobs. People should stop sticking their heads in the sand," he warned at Fortune's Most Powerful Women conference, arguing companies and governments must plan for retraining, income assistance, redeployment, and, in some cases, early retirement to avoid a social backlash. The bank, he said, is building with that redeployment mindset. He also stresses AI's economics aren't the same as the internet's."
AI-driven productivity gains are expected to optimize work schedules and could shrink developed-world workweeks to about three-and-a-half days within 20–40 years. JPMorgan has scaled internal AI efforts with roughly 2,000 people building systems and about 150,000 employees using large language models weekly across fraud detection, legal review, reconciliations, and marketing optimization. As AI absorbs routine tasks, equivalent output may require fewer hours, but workforce disruption will follow. Job elimination will necessitate retraining, income assistance, redeployment, and in some cases early retirement to avoid social backlash. AI buildout demands significant capital and power; investors should assess infrastructure deals case-by-case.
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