"I think people should stop sticking their head in the sand. So did tractors and so did cars."
"You can't just take all these people and throw them on the street where the next job is, you know, making $30,000 a year when they were making $150,000,"
"You'll have a revolution."
"Underlying the [AI] hype is a real technology that is extremely transformative and powerful,"
Artificial intelligence will eliminate thousands of jobs and requires proactive policy responses to prevent widespread economic and social disruption. Proper regulations and guardrails are necessary while businesses, governments, and society align AI usage. Potential measures include upskilling for AI-based roles, income assistance, early retirement options, and comprehensive retraining to avoid large-scale income loss and social unrest. AI will improve in speed, capability, and cost-efficiency; individuals and organizations should adopt AI and identify appropriate use cases. JPMorgan Chase applies AI and machine learning for fraud detection, behavioral pattern recognition, legal analysis, regulatory compliance, and operational efficiency, investing about $2 billion in internal models.
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