- “When the internet bubble first started, it was hype. This is not hype. It’s real,” Dimon said.
- Dimon called himself a “huge optimist” about emerging technology and cited cybersecurity and pharmaceutical research as areas where it could help.
- “We have the potential to invent treatments for cancer because we are able to do things that the human mind cannot do,” Dimon said.
There remain skeptics of the burgeoning artificial intelligence tools from companies like OpenAI, but JPMorgan Chase CEO Jamie Dimon is not among them.
The Wall Street giant told CNBC’s Leslie Picker on Monday that AI is more than just a passing fad and is bigger than just large language models like Chat GPT. He compared the current situation favorably to the tech bubble of the early 21st century, when investor excitement seemed to outpace actual change.
“This is not hype. This is real. When the internet bubble first started… it was hype. This is not hype. This is real,” Dimon said. “People are deploying it at different rates, but they’re going to be processing a huge amount of stuff.”
JPMorgan is working to make new technology available internally, and Dimon said AI will eventually be used in “almost every job.” Last year, JPMorgan created a new role, chief data and analytics officer, as part of its AI response.
Dimon said Monday that 200 staff members at JPMorgan are working on large-scale language models recently deployed by tech companies.
While Dimon acknowledged that AI could be used by bad actors, he called himself a “huge optimist” about emerging technologies, citing cybersecurity and pharmaceutical research as areas where AI could be useful. called.
“We have the potential to invent treatments for cancer because we are able to do things that the human mind cannot do,” Dimon said.
