According to Jamie Dimon, the CEO of JPMorgan Chase, artificial intelligence (AI) will have “extraordinary consequences” that are as transformative as the internet and electricity. In his annual letter to shareholders, Dimon highlighted the potential impact of AI, stating that it “will be transformative for all industries, including finance.” He emphasized that AI will reshape the world’s workforce, leading to job losses and the need for retraining. However, Dimon also acknowledged the potential benefits of AI, such as increased productivity and efficiency. He cautioned that AI’s impact will be “extraordinary” and urged businesses and governments to prepare for the changes it will bring. Dimon’s comments reflect the growing recognition of AI’s disruptive potential across various sectors, and the need for proactive measures to mitigate potential risks and maximize its benefits.