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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."