Jamie Dimon, CEO of JPMorgan, has stated that artificial intelligence (AI) could be applied to "all processes" of his company's operations. In an interview with Bloomberg on October 2, Dimon said he expects to see "all types of models" and tools and technology for AI in the future.

Dimon noted that trading, hedging, research and error detection are just some of the processes that AI can optimize. He further mentioned that AI is already doing all the stock coverage for them for the most part. It's idea generation, it's big language models. More broadly, it could also impact customer service.

JPMorgan already has thousands of people working on AI research, including some of the "best scientists in the world." While Dimon acknowledged that there are "negatives" to emerging technologies, such as AI being used by malicious people to do bad things, he is optimistic that legal barriers will limit such behavior over time.

In summary, Jamie Dimon sees great potential in the application of AI to banking and financial operations. While he acknowledges that there will be challenges and hurdles along the way, it is clear that JPMorgan is committed to exploring and adopting this technology.

Source: Bloomberg