JPMorgan Says Every New Hire Will Get Training for AI

  • Incoming asset-and wealth-management staff to get instruction
  • AI has saved the division time, helped grow revenue: Erdoes
Mary Erdoes, CEO of asset and wealth management at JPMorgan.Photographer: Patrick T. Fallon/Bloomberg
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JPMorgan Chase & Co. is immersing new employees in artificial-intelligence training, preparing them for a technology Chief Executive Officer Jamie Dimon has likened to the impact of the printing press and steam engine.

“This year, everyone coming in here will have prompt engineering training to get them ready for the AI of the future,” Mary Erdoes, who runs the asset- and wealth-management unit, said of her unit’s efforts at the firm’s investor day Monday.