JPMorgan: New employees will receive AI training

JPMorgan integrates AI in its operations and training programs that highlight how artificial intelligence is set to transform the future of business.

JPMorgan offers rapid engineering training to all its new employees to prepare them for the future of artificial intelligence, underscoring the growing importance of this technology.

AI helps reduce time spent on repetitive tasks, allowing analysts to save two to four hours a day by eliminating mundane tasks. AI helps bankers quickly retrieve information about potential investments, thereby improving the efficiency of customer interactions.

JPMorgan estimates the value of AI technology to be between $1 billion and $1.5 billion. The company plans to spend about $17 billion on technology this year. The significant financial commitment to AI reflects its essential role in the company’s strategy, which compares its impact to the internet, electricity and computers.

CEO Jamie Dimon said AI would change every job in the business, highlighting the technology’s profound impact on the workforce. AI will significantly impact the roles of the company’s 60,000 developers and 80,000 operations and call center employees, fundamentally changing their jobs. By automating repetitive tasks, AI frees up employees’ time for more useful tasks, increasing overall productivity and job satisfaction.

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