What They Said: Jamie Dimon of JPMorganChase on AI

“It’s going to affect every application, every job, every customer interface,” Dimon said. “My guess is the developed world will be working three and a half days a week in 20, 30, 40 years, and have wonderful lives.” “You know, technology has downsides. It’s used by bad people,” Dimon said at the forum. “But embrace it.”

“It will eliminate jobs. People should stop sticking their heads in the sand,” he warned.

He also stressed that AI’s economics differ from those of the internet, noting that the technology is both capital- and power-intensive. Some overhyped projects “won’t get the power they need,” he said, according to an Economic Times report dated November 7, 2025, and a Fortune report dated November 6, 2025. Investors, he advised, should evaluate each data center and AI infrastructure project individually—considering revenue, construction risks, and performance—rather than investing broadly in the AI trend. While some AI projects may be “in a bubble,” he said, overall, the technology “will probably pay off.”

Speaking to CNN, Dimon reportedly explained that JPMorgan’s focus is on using AI to enhance efficiency rather than reduce staff numbers. “We always redeploy,” 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 “it will also create jobs,” particularly in data, analytics, and technology infrastructure.

Appreciating AI’s potential, Dimon called chipmaker Nvidia an “unbelievable company,” adding that the technology is “real” and capable of making firms “hugely productive.” He compared today’s AI boom to the internet revolution, saying, “They may not all pay off, but you did get Google, Facebook, YouTube, part of Microsoft, Amazon, Salesforce… Yeah, there was a little bit of a bubble in there.”

Dimon said he believes AI holds “enormous” potential for breakthroughs in medicine, engineering, and other fields, suggesting that “mankind should benefit.” He acknowledged that AI could replace up to 80% of jobs in certain professions but said new roles would emerge in other areas. The key, he emphasized, will be “thoughtful” government support and “proper regulation” if AI advances faster than society can adapt.

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December 2025:

In an interview with Fox News’ Sunday Morning Futures, dated December 7, 2025, JPMorgan Chase CEO Jamie Dimon acknowledged that businesses have been cautious about hiring lately but said it’s not because of AI and doubted that the technology will dramatically reduce jobs in the next year.

“For the most part, AI is going to do great stuff for mankind, like tractors did, like fertilizers did, like vaccines did,” he said. “You know, maybe one day we’ll be working less hard but having wonderful lives.”

“They’ll save lives, but we’ll be working, you know, maybe one day we’ll be working less hard, but having wonderful lives. So it’ll cure a lot of cancer, so I’ll have composite materials.”

Dimon added that AI still needs proper regulation to mitigate the downside risks, just like other innovations throughout history.

“Now, of course, it needs to be properly regulated. There are downsides to AI, just like the order to airplanes, pharmaceuticals, cars, all things get used by bad people. So, assuming that, you know, the government figured out some way to put guardrails around AI, but it will eliminate jobs. That doesn’t mean that people won’t have other jobs.”

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He also repeated his earlier warning that AI will eliminate jobs, but urged people to focus on uniquely human skills like critical thinking, emotional intelligence, and communication.

“You know, my advice to people would be, you know, critical thinking, learn skills, learn your EQ [emotional quotient], learn how to be good in a meeting, how to communicate at it, right? You’ll have plenty of jobs, and, if it does happen too fast for society, which is possible, you know, we can’t assimilate all those people that quickly. Like, if you look at, you know, what happened in farms and the internet and electricity, it took a while. This may be a little bit longer, and it’ll be a little hard to assimilate people.”

If AI sweeps through the economy so quickly that workers can’t adapt to new roles in time, Dimon suggested the public sector and private sector have roles to play.

“We—government and we the companies, society—should look at how do we phase it in a way that we don’t damage a lot of people,” he explained. “We should have done a little bit more on trade assistance years ago when you had a town that got damaged by the closure of a plant. And that you can do: You can retrain people, relocate people, income assistance, early retirement and the next job may be a better job. But they have to learn how to do the job. And as you know, skills are, you know, you can earn quite a bit of money and skills.”

Meanwhile, AI is also creating jobs in the near term, as new infrastructure requires more construction and fiber optics, he pointed out while replying to a question on any return on investment anytime soon, referring to the trillions of dollars going into the build-out of data centers every year. The interviewer pointed out that “at this point, we’ve got about 5,000 data centers that have been built for AI.”

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“So, I think—I just heard, I haven’t read it yet—but I heard we did a research report about how much—it’s five trillion, and that includes everything: the data centers, the servers, the chips, the fiber,” he said, adding, “There will be big winners.”

“You know, you remember, out of the internet, you got Google and Facebook and Amazon, and tons of others, and whole new technologies, and, but it took a while to, you know, for some other things to come in, like, the iPhone or something. So here, it will eventually pay off.”

This is a developing story, and more quotes and insights from Jamie Dimon will be added as they become available.