Jamie Dimon Says JPMorgan Will Hire More AI Staff and Fewer Traditional Bankers

JPMorgan Chase Chief Executive Jamie Dimon said the bank will likely hire more people focused on artificial intelligence and fewer traditional bankers as AI becomes more deeply embedded in the firm’s operations, according to Bloomberg. His comments underscore how the technology is beginning to reshape staffing plans at one of the world’s biggest financial institutions, even as Dimon continued to warn that the broader economy faces risks from inflation, interest rates and volatile markets.

Dimon has long argued that AI is more than a passing trend, and Bloomberg reported that he again emphasized its growing role in banking. The change is not simply theoretical: JPMorgan has already spent years building AI tools for tasks such as fraud detection, customer service, risk management and document analysis. The bank has said in the past that those efforts have produced meaningful savings and productivity gains, and Dimon’s latest remarks suggest the institution expects that shift to accelerate.

At the same time, Dimon has been candid about the impact on workers. In earlier appearances, including remarks reported by Fortune, he said AI will eliminate jobs, while also creating new ones and requiring major investment in training and reskilling. That message reflects a broader debate across Wall Street and corporate America about whether AI will mostly supplement employees or replace large parts of the workforce. JPMorgan’s approach suggests both outcomes are possible, depending on the type of work involved.

The staffing comments came as Dimon also discussed the outlook for markets. Bloomberg reported that he warned interest rates could move much higher from current levels, even after a recent selloff in bonds pushed yields to multi-year highs. In a separate conversation with Bloomberg, he also said corporate earnings remain strong, but the macroeconomic backdrop is still uncertain, with inflation and geopolitical tensions adding to investor unease.

For JPMorgan, the shift toward AI hiring points to a broader strategic recalibration. The bank is likely to need more specialists who can build, manage and audit AI systems, while some traditional roles may shrink as software takes over more routine work. For employees across finance, the message is clear: the adoption of AI is no longer a distant possibility, but a near-term force that could change how banks hire, train and organize work.