Artificial intelligence (AI) is not only a trend, but also a revolution in itself. Although the current new artificial intelligence tools may not capture everyone's hearts, a Wall Street giant has recently given strong support.
On Monday, February 26th, Jamie Dimon, CEO of JPMorgan Chase, stated in an interview that artificial intelligence is not just a trend, it has profound potential.
He mentioned the Internet foam at the beginning of the 21st century, compared it with the current situation, and said that the initial excitement of investors seemed to exceed the actual heat.
Regarding the change brought about by artificial intelligence, Damon said, "This is not hype. It is true. People are deploying it at different speeds, using it to handle a lot of things." He also pointed out that artificial intelligence will ultimately "be used for almost all jobs.".
Wider impact areas
At present, JPMorgan Chase has been experimenting with the use of artificial intelligence technology internally. Last year, JPMorgan Chase established a new position - Chief Data Analyst, which has some functions related to artificial intelligence.
Damon revealed on Monday that JPMorgan currently has 200 people studying the recently launched large-scale language model by technology companies. This is an attempt to integrate artificial intelligence into various operations of finance.
From risk assessment to customer service, Damon has made a vision for the future, which is that the accuracy and efficiency of artificial intelligence will completely change the entire industry. This optimism is rooted in the tangible progress made by artificial intelligence in areas such as cybersecurity and fraud detection, where its ability to screen and analyze large amounts of data in real-time has been proven.
People's common concern about artificial intelligence now is that it may be maliciously used to do illegal things, and Jamie Damon is no exception. However, he still expressed his optimistic attitude towards this emerging technology.
Damon's vision for artificial intelligence goes beyond the financial field, mentioning that cybersecurity and pharmaceutical research are important areas where artificial intelligence can play a role. "This is not only about profit margins and market share, but also about utilizing the computing power of artificial intelligence to solve some of the most pressing challenges facing humanity."
Damon added, "It may invent ways to treat cancer because it can do things that the human brain simply cannot do."