According to U.Today, although JPMorgan Chase CEO Jamie Dimon has repeatedly expressed his disapproval of Bitcoin in the past, his enthusiasm for artificial intelligence seems to be very high. In a recent letter, Dimon compared artificial intelligence to the most iconic and important invention of the Industrial Revolution, the steam engine. He believes that this technology has the ability to improve almost all jobs.
Microsoft co-founder Bill Gates has predicted that artificial intelligence could have a greater impact than personal computers. However, he has also warned that the technology could widen the gap between the haves and have-nots. Meanwhile, billionaire investor Steve Cohen said artificial intelligence could make a four-day work week the new normal for most people.
The AI boom has driven the U.S. stock market to record highs, with some expressing concerns about a possible bubble. U.S. chipmaker Nvidia has benefited the most from the recent AI boom, becoming the world's third-largest company with a market value of $2.196 trillion. According to Fortune, companies such as JPMorgan Chase, Goldman Sachs, and Morgan Stanley are looking for new AI-based investments (especially in emerging markets). Although some AI supporters are also excited about cryptocurrencies, Dimon remains Bitcoin's most staunch critic. At a recent congressional hearing, he called on the government to ban cryptocurrencies.
