Artificial intelligence (AI) has sent stock markets to new highs in recent months. Just a few days ago, computer chip maker Nvidia took the stock market by storm after staggering numbers, thanks in large part to artificial intelligence. Now more people are starting to wonder if the AI optimism has gone too far, and the bubble will soon burst.
JPMorgan Chase CEO Jamie Dimon is not one of them. In an interview with CNBC Damon is very optimistic about the further development of artificial intelligence. He points out that AI is much more than simple language models like ChatGPT
– When we first had the dot-com bubble, there was hype. This is not hype. this is real. “It's been launched and utilized at different speeds, but it's going to handle a tremendous amount of stuff,” Dimon told CNBC.
He highlights how his bank uses the technology for internal use, and that more than 200 people at the company are working with new AI models for Microsoft, Google and other players.
– AI may soon be used in every job, says Damon, who comes across as “very optimistic.”
– AI can potentially find a cure for cancer, because it can do things that the human brain cannot do on its own.
Last week, Dimon sold shares in JP Morgan for more than $150 million.
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