JP Morgan boss: We’ll live to 100 and work less with AI

artificial intelligence2Future generations are likely to live to 100 and only have to work three-and-a-half day weeks, as technology, driven by the growth in artificial intelligence, creates a new world order.

That is upbeat prediction of JP Morgan chief executive Jamie Dimon, whose deep dive into the crystal ball is likely to stir further debate about the pros and cons of AI.

In an interview with Bloomberg TV, Dimon said that not only will AI capabilities gradually automate manual, administrative workplace tasks at scale, they will have huge consequences for medicine.

He said: “People have to take a deep breath… your children are going to live to 100 and not have cancer because of technology. And literally they’ll probably be working three-and-a-half days a week.

“Eventually we’ll have legal guardrails around it. It’s hard to do because it’s new, but it will add huge value.”

While Dimon conceded that some job roles will be replaced, following Goldman Sachs‘ prediction earlier this year of 300 million full-time jobs becoming fully automated, he added: “It’s a living breathing thing… for us, every single process…every app and every database, you can apply AI. It might be used as a co-pilot. It might be used to replace humans.”

Last week, a report by app security specialist Indusface, claimed that the advertising and marketing industry is leading the way in the adoption of generative AI tools across all sectors.

It revealed that almost two-fifths of professionals now use the likes of ChatGPT at work, with one in ten using the tech more than once a week.

However, separate studies seem to contradict how widespread AI has become in the industry – from being an essential part of the marketer’s toolkit to how ethics issues are hampering implementation at larger companies.

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