Dimon warns on AI job losses, calls for government-business incentives
CNBC
The potential AI-related disruption of the job market is a critical issue in Washington, with lawmakers trying to curb the amount of job displacement.
JPMorgan Chase CEO Jamie Dimon warned that artificial intelligence could cost the U.S. jobs, and suggested the government could create an incentive system for businesses that help soften the blow.
"[If] all of a sudden it creates unemployment, that's a big problem for society," Dimon said, speaking on a panel with Palantir defense chief and former U.S. Rep. Brendan Gallagher, R-Wis, at the Hill and Valley Forum in Washington.
"I don't know the answer yet, but I would suggest it's the following: It can't be just government. It's got to be business," Dimon said. "But the government could create a system of incentives that business does the right thing to retrain people, early retirement, moving people ... if we have the right system in place, we can accommodate much quicker."
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