The Economic Times

'More AI, fewer bankers': CEO of US' largest bank JP Morgan Jamie Dimon's remarks hint at a shift in Wall Street trend

JPMorgan Chase CEO Jamie Dimon suggests artificial intelligence will significantly reduce jobs at the bank. The company plans to hire more AI experts and fewer traditional bankers. This shift aims to boost productivity and change the nature of banking roles. Existing employees facing job obsolescence will be retrained or redeployed. Dimon also commented on New York City's political landscape.