Jamie Dimon says AI will have 'extraordinary' consequences and may be as transformative as electricity and the internet

• Jamie Dimon compared the potential impact of artificial intelligence to innovations like the internet.
• He said JPMorgan Chase now has 2,000 AI experts working in areas such as fraud and risk.
• Dimon flagged that AI risks need to be rigorously managed and ethics maintained.

Jamie Dimon compared the potential impact of artificial intelligence to that of other innovations in history including the "printing press, the steam engine, electricity, computing and the internet."

The CEO of JPMorgan Chase said in his annual letter to shareholders Monday that while the bank didn't yet know the full impact of AI on its business, he believes it will have "extraordinary" consequences.