JPMorgan Chase chairman and CEO Jamie Dimon tells Axios CEO Jim VandeHei the U.S. is facing the most concurrent risks in 80 years — and that's before AI starts displacing a large number of American workers.
- Dimon, in an interview for "The Axios Show," says American business leaders need to step up, and speak up, to help guide the country through these high-risk, tumultuous times.
"We in business made a mistake in not getting more involved earlier," Dimon told Jim at JPMorgan's new global headquarters in Manhattan. "I do not think the problems of society will be fixed by politicians alone."
- Dimon's annual shareholder letter, out next week, will dive deep into geopolitical threats. "There's more geopolitical risk than we've seen since World War II," he said.
He told Axios that AI is likely to displace lots of workers in the medium term and increase the likelihood of a large-scale cyberattack. "AI makes cyber — and these [AI agents] make cyber — far worse," he said....
Dimon's other risks, in no particular order: China, cyber, Iran war escalation, Russian aggression, rogue AI, private credit crisis, unsustainable U.S. debt, political dysfunction, economic uncertainty and nuclear weapons. More
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