DAVOS, SWITZERLAND: JPMorgan Chase CEO Jamie Dimon delivered a stark message about artificial intelligence on the World Economic Forum stage in Davos this week, warning that rapid adoption of the technology could outpace society’s ability to manage its effects and cause widespread disruption.
Dimon said the rollout of AI “may go too fast for society,” urging governments and businesses to cooperate on policies that would help workers whose jobs are reshaped or eliminated by automation. “Your competitors are going to use it and countries are going to use it,” he said, adding that if AI advances faster than social systems can adapt, “government and business need to … come up with a way to retrain people and move it over time.”
The JPMorgan boss cited sectors such as trucking — where autonomous vehicles could displace millions of drivers — as areas needing careful planning and phased implementation to avoid social upheaval. Dimon also called for wage support, relocation aid and early retirement programs to cushion transitions for affected workers.
Dimon, one of Wall Street’s most prominent figures, also used his Davos remarks to critique the broader effectiveness of global elites and economic leaders, saying the forum should better address real-world challenges.
While Dimon acknowledged the potential benefits of AI — from higher productivity to breakthroughs in medicine — his comments underscored a growing concern among business leaders that without policy safeguards, the technology’s disruptive effects could outweigh its promise for many workers.
He advocated for proactive planning to help societies adapt, emphasizing that slowing the pace of AI adoption in vulnerable sectors might be necessary to “save society” from destabilizing shocks.