Thread: Jamie Dimon

Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers

• JPMorgan Chase Jamie Dimon chose AI as the first topic in his update of issues facing the biggest U.S. bank by assets.

• In his annual letter to shareholders released Monday, Dimon said he was convinced that artificial intelligence will have a profound impact on society.

• He also touched on inflation, geopolitics, social media and the bank’s First Republic deal.

Jamie Dimon annual shareholder letter highlights AI potential

Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead

JPMorgan Chase CEO Jamie Dimon warned Friday that “persistent” inflation, “terrible wars and violence” and the Fed’s efforts to tighten financial conditions threaten an otherwise positive economic backdrop.

“Looking ahead, we remain alert to a number of significant uncertain forces,” the head of the the largest U.S. bank by assets said in announcing first-quarter earnings results.

Along with that, he noted “persistent inflationary pressures, which may likely continue.”

Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead