Bankers on Borrowed Time JPMorgan CEO Jamie Dimon has announced plans to hire more artificial intelligence specialists and fewer traditional bankers.
As one of the world's largest banks, JPMorgan's moves are closely watched by industry insiders and investors alike. The trend toward increased AI adoption across industries is not new.
Standard Chartered recently announced that it will eliminate 7,000 jobs over the next four years as part of its shift toward automation, sparking concerns among investors and economists.