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Jamie Dimon said AI is a “living and evolving technology,” with the potential to transform business processes.
AI is predicted to affect 300 million jobs globally.
Infosys co-founder Narayan Murthy has infamously made headlines for his controversial words about work culture, where he advised young people to work 70 to 80 hours a week. Now another prediction has been made by a man named Jamie Damon that future generations will be able to enjoy shorter working days due to the advancement of AI. JP Morgan CEO Jamie Dimon believes that artificial intelligence will revolutionize work in the near future. According to him, this can reduce the working hours of employees from 5 days a week to 3.5 days a week. He further said that with the development of AI, the lifespan of humans will increase to 100 years and the lifestyle will be healthy. In an interview, Damon said AI is a “living and evolving technology,” capable of changing business processes and social norms over time. Damien has already incorporated him into the operations of his company, JP Morgan. In the banking and finance sector, AI is being used in tasks such as trading, hedging, research and error detection, the reports added, adding that with AI, companies will not only be able to reduce costs but also processes. Makes it more efficient.
Since the gradual spread of artificial intelligence, it has given rise to widespread concern about replacing human beings and eventual job losses. According to a report, AI could affect around 300 million jobs worldwide. About 25 percent of employees in the U.S. fear that technology could affect their jobs.
“People have to take a deep breath. Technology has always replaced jobs. Your kids will live to be 100 and not have cancer because of technology, and they’re literally three and a half days a week,” Damon said. will be working.” According to a recent McKinsey report, generative AI and other emerging technologies could automate 60 percent. 70 percent of employee work.