JPMorgan Chase CEO and Chairman Jamie Dimon is sounding the alarm on artificial intelligence and its impact on employment. The banking chief told the audience at Fortune’s Most Powerful Women summit in Washington, D.C., this week AI will ultimately claim thousands of jobs and that anyone who doesn’t believe so is ignoring the inevitable.
“It will eliminate jobs,” said Dimon, speaking in a conversation with Fortune Editor-in-chief Alyson Shontell. “I think people should stop sticking their head in the sand. So did tractors and so did cars.”
