Bank of America Corp. Chief Executive Officer Brian Moynihan said that artificial intelligence is starting to have a bigger impact on the US economy. “The AI investment’s been building during the year and is probably a bigger contributor next year and the years beyond,” Moynihan said Monday in a Bloomberg Television interview. “AI is kicking…
In a letter to shareholders last year, JPMorgan CEO Jamie Dimon delivered an uncomfortable truth: AI “may reduce certain job categories or roles,” predicting labor ramifications similar to the printing press, steam engine, electricity, and internet. The tech became the primary suspect as JPMorgan, Goldman Sachs, and Morgan Stanely issued several rounds of layoffs in…
When something breaks—whether it’s the plumbing or a car—the first call most people make is to a blue-collar worker. That was the lesson he wanted his children to understand. Clint Crawford is a 55-year-old automotive technician at Midas Auto and Repair Shop in Arkansas. He has a message for parents who are concerned about the…
AI is transforming the job industry, and eliminating some roles in the process. But Jamie Dimon says soft skills will be more important than ever in the AI era. Last weekend, JPMorgan Chase’s CEO toldFox News’ Sunday Morning Futures that he doesn’t believe AI will lead to dramatic cuts in the labor force within the…
Founders and AI startups in Silicon Valley are valuing degrees less and are seeking out candidates who can work quickly, adapt and build AI models. Fei-Fei Li, a Stanford professor and CEO of the AI startup World Labs, is known as the “Godmother of AI” for her work building a large-scale database of labeled images,…