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  • Writer's pictureSarah Ruivivar

JPMorgan CEO: AI could bring 3.5-day workweek

Updated: Oct 23, 2023

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In a bold prediction, JPMorgan CEO Jamie Dimon foresees a major shift in the workweek thanks to artificial intelligence (AI).

Dimon believes that the next generation of workers will only need to go into the office 3.5 days a week, all thanks to the power of AI.

In an interview with Bloomberg, Dimon explained how AI is already eliminating tedious tasks in the workplace and how some jobs may be entirely replaced by this technology. He confidently stated, "Your children will live to 100 and not have cancer because of technology and they'll probably be working three and a half days a week."

While some may worry about job security, Dimon is optimistic about the impact of AI on the quality of life for workers. By reducing the workweek, individuals will have more leisure time and a better work-life balance. Dimon also emphasized that AI will revolutionize the finance industry, affecting every aspect of workflow, from trading to research.

Dimon's prediction aligns with the growing interest in a shorter workweek. Economists and companies have seen positive results from implementing a four-day workweek, including increased productivity, happier employees, and reduced stress levels. AI, particularly tools like ChatGPT, can assist with tasks that would otherwise consume employees' time, further supporting the idea of a shorter workweek.

However, concerns about job displacement due to AI are valid. Goldman Sachs predicts that 300 million full-time jobs will be impacted by AI, primarily in white-collar fields like tech, finance, and legal. While not all jobs will be eliminated, the way they are performed is likely to change.

It's important to note that AI is also creating new job opportunities. JPMorgan has already listed over 3,600 new jobs in 2023, thanks to the advancements in AI. Dimon himself is working on developing a tool similar to ChatGPT to assist investors.

As the world embraces AI, the workweek as we know it may undergo a significant transformation. While there are concerns about job security, the potential for a better work-life balance and increased efficiency is undeniable. The next generation of workers may indeed enjoy a shorter workweek, thanks to the power of AI.

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