Jamie Dimon: AI Is More Real Than Bitcoin

Jamie Dimon criticized Bitcoin. (Photo; Doc. Bitcoin Insider)

JAKARTA - Jamie Dimon, CEO of JPMorgan, known as an opponent of Bitcoin, has expressed his views on the growing artificial intelligence (AI) industry. In his latest interview with CNBC, the banking leader said that AI is not just hype, but real and useful technology.

AI Creates New Innovation

AI technology has produced many new innovations in the world of technology, but not all of them can survive and develop. According to Jamie Dimon, AI is not a temporary trend, but technology that could be bigger than ChatGPT, the advanced chatbot created by OpenAI.

AI has experienced a major revolution in the past year, especially with the emergence of the Large Language Model (LLM), a model that can accurately understand and produce human language. OpenAI started this revolution with ChatGPT, which was then followed by other major tech companies such as NVIDIA and Microsoft.

Some people are skeptical that AI technology is developing too fast and cannot be regulated. However, Jamie Dimon argues that AI deserves attention, as it has shown widespread adoption and apps in the real world.

This is not a hype. It's real. When we experience an internet bubble for the first time... it's a hype. It's not a hype. This is real," said Jamie Dimon. People apply it at different speeds, but it will handle a lot of things.

One example of AI innovation that was recently launched is Genie, an AI tool from Google that can create games that can be played from images.

AI vs Bitcoin

Jamie Dimon's opinion on AI may come as a surprise to some Bitcoin investors, given he is one of the biggest critics of digital currencies.

Jamie Dimon has repeatedly criticized Bitcoin and called it a 'Hias Stone' that has no intrinsic value and is not worth keeping. He also said that Bitcoin is a scam and a threat to global financial stability.

Jamie Dimon's attitude is very different from JPMorgan's attitude as a company, which is actually involved in the crypto industry. JPMorgan is one of the Authorized Participants (AP) in the ongoing Bitcoin spot ETF offering BlackRock. JPMorgan has also launched a crypto investment product for its clients and plans to expand its crypto banking services.