JPMorgan Chase CEO Jamie Dimon said artificial intelligence could dramatically shrink the workweek and transform human health, but warned the transition will have painful short-term consequences unless business and government act together. In a CBS interview and in his annual letter to shareholders released Wednesday, Dimon predicted that “30 years from now, your kids are probably working three and a half days a week,” and said AI’s productivity gains will make people healthier and safer.
Dimon went further in his letter, arguing that the technology’s promise stretches beyond workplace efficiency. “I do not think it is an exaggeration to say that AI will cure some cancers, create new composites and reduce accidental deaths, among other positive outcomes,” he wrote. The JPMorgan chief—whose bank was described in the interview as a $794.5 billion institution—said these changes will eventually reduce the workweek in the developed world and allow people to spend more time on leisure and family.
At the same time, Dimon did not minimize the near-term risks. He reiterated that AI “will definitely eliminate some jobs,” cautioning that rapid deployment could outpace the ability of workers to retrain and of economies to create replacement roles. He acknowledged the technology will also create and enhance careers—pointing to expanding demand in cybersecurity and AI-related fields—but said coordinated efforts will be needed to soften disruptions along the way.
To bridge that gap, Dimon urged collaboration between businesses and governments to ensure job security and workforce adaptation. His call aligns with broader policy discussions this year about how to manage AI’s socio-economic fallout: public and private actors from researchers to industry groups have been proposing new safety nets, tax changes and industrial policies to handle potential dislocations as the technology scales.
Addressing younger workers directly, Dimon offered a different emphasis than many tech leaders who focus on learning technical skills or “prompting.” He told CBS that learning and curiosity must be paired with emotional intelligence. “Learn to think all the time, and then learn to have EQ. EQ is, can I communicate? Do I have heart? Do people trust me?” he said, advising Gen Z to cultivate communication, trust and broad curiosity about the world.
Dimon’s remarks come amid rising anxiety in parts of the labor market about AI-driven replacement and a period of broader labor volatility. Policymakers and researchers have flagged that without better training systems, portable benefits or retooled social safety nets, the pace of technological change could leave many workers exposed. Fortune reached out to JPMorgan Chase for further comment following the interview and shareholder letter.