JPMorgan’s Dimon warns AI will disrupt jobs and companies

Published 10/07/2025, 16:32

Investing.com - JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon warned on Thursday that artificial intelligence could become ubiquitous and will disrupt jobs and companies across industries.

Speaking at a trade ministry event in Dublin on July 10, Dimon addressed various economic and geopolitical challenges, noting that "Europe is challenged and the world is challenged." He specifically highlighted the European Union’s "huge problem" with competitiveness at the moment.

The banking executive expressed approval of President Donald Trump’s stated plans to support Ukraine and his decision to back away from tariffs, commenting that Trump "likes to make deals." Dimon also identified several factors contributing to inflation, including tariffs, immigration policy, and deficits.

On economic indicators, Dimon remarked it was "totally impossible to read" what current data shows about the economy. He praised Ireland for attracting companies with its talented workforce while criticizing the London Stock Exchange (LON:LSEG) for having few IPOs, bluntly stating "you’re losing."

When asked about his own political ambitions, Dimon firmly responded "I don’t," and emphasized that JPMorgan’s success is tied to America’s prosperity, stating "JPMorgan won’t do well if the US doesn’t do well."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.