JPMorgan Chase CEO Jamie Dimon has compared the rapid advancement of artificial intelligence (AI) to a tsunami, warning that even governments may struggle to prevent its spread. However, he believes the technology could eventually lead to shorter working weeks and significantly higher incomes.
However, the JPMorgan CEO also raised concerns about autonomous AI agents, warning that they could launch cyberattacks around the clock or create security threats when granted access to customers’ bank accounts. Speaking at the Economic Club of Chicago on Wednesday, October 14, Dimon said AI was advancing much faster than previous technological revolutions, with new capabilities emerging within weeks, according to a report by Business Insider .
Bank of America CEO Brian Moynihan revealed during a Wednesday earnings call that the bank had hired 1,000 external consultants to address software vulnerabilities exposed by advanced AI models, including Anthropic’s Mythos, according to The Next Web .
He pointed to open-source AI models and systems being developed in China and other countries.
Comparing AI’s impact to the Industrial Revolution, Dimon said its global expansion made it particularly difficult to contain.
