JPMorgan CEO expects hire more AI specialists than bankers, Bloomberg says

JPMorgan (JPM) CEO Jamie Dimon said Wall Street giants will likely hire more AI specialists and less traditional bankers, Cathy Chan and Haslinda Amin of Bloomberg reports. “I think it will reduce our jobs down the road,” Dimon said in a Bloomberg Television interview. “There will be all different types of jobs, and I think we will be hiring more AI people and fewer bankers in certain categories, and it will make them more productive.” Dimon believes the AI-driven transition can be managed by natural turnover rather than sweeping layoffs and expects to create new client-facing roles.