JPMorgan Chase CEO Jamie Dimon discussed the bank’s plans to address the impact of artificial intelligence (AI) on its workforce at an investor meeting. Dimon highlighted the importance of redeployment for displaced employees and outlined the bank’s internal strategies to shift workers into new roles as automation accelerates. JPMorgan, with the largest annual tech budget in the industry, aims to be “fundamentally rewired” for the AI era.

Dimon also expressed concerns about the broader societal implications of AI adoption, raising questions about the potential displacement of entire professions. He emphasized the need for businesses and governments to plan for the risks associated with AI technology, including offering assistance and training for displaced workers. As AI continues to reshape the workforce, Dimon stressed the importance of starting to think about these challenges now to mitigate future disruptions.