Although Jamie Dimon, the CEO of JPMorgan, previously expressed skepticism towards Bitcoin, he now shows great excitement for artificial intelligence.
According to a recent report by Bloomberg, Dimon made an analogy between AI and the steam engine, which is considered the most groundbreaking and influential invention of the Industrial Revolution, in a recent letter.
Above the steam engine, the renowned banker introduced groundbreaking technologies such as electricity and the internet. He holds the belief that these technologies have the power to enhance nearly every occupation.
Billionaires Bill Gates and Steve Cohen, like Dimon, have expressed enthusiasm for the revolutionary capabilities of artificial intelligence (AI). Microsoft’s co-founder, Bill Gates, believes the influence of AI could surpass that of personal computers. However, he also raises concerns about the potential widening divide between the affluent and less privileged as a result of this technology. Meanwhile, billionaire investor Steve Cohen envisions a future where a four-day work week becomes standard due to AI advancements.
The excitement about artificial intelligence (AI) has caused U.S. stocks to reach all-time highs, leading some to worry that a bubble may be forming. Among the biggest beneficiaries of this AI boom is Nvidia, the American tech company that has become the third largest in the world with a market capitalization of $2.196 trillion. As reported by Fortune, major financial institutions such as JPMorgan Chase, Goldman Sachs, and Morgan Stanley are now exploring new opportunities in AI, particularly in emerging markets.
Despite sharing enthusiasm for AI with some AI advocates, Bitcoin’s harshest critic, Dimon, continues to express strong opposition. In a recent congressional hearing, he advocated for a government prohibition of cryptocurrencies.
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2024-04-08 18:43