JPMorgan made 40% AI job cuts in some teams, but CEO is not ‘convinced’ of its results

Low confidence49

JPMorgan Chase has reduced some jobs by up to forty percent using artificial intelligence. CEO Jamie Dimon believes AI offers no unique competitive advantage for the bank. He stated that AI will not significantly increase the bank's profit margins. The bank is increasing recruitment for AI-relate...

First seen 14h ago · latest update 14h ago · India · tech

Indian mainstream 1
Indian independent 0
International 0
Official 0

JPMorgan made 40% AI job cuts in some teams, but CEO is not ‘convinced’ of its resultsTimes of India · 14h ago ↗Owned by: Bennett Coleman & Co / The Times Group (Jain family)

JPMorgan made 40% AI job cuts in some teams, but CEO is not ‘convinced’ of its results

Coverage (1)