Does AI mean the end of banks? Jamie Dimon tells Emily Chang about his debate with Bill Gates. Watch The Circuit today. -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.
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"Unfair use of their position to dominate us..." Oh the irony.
Basically he meant , if bigtech takes his job , he will not be happy, but he doesn't care about other jobs in the company
People don't know what AI is
“I would be against someone doing to us what we do to everyone else”
once you read elias velin, everything starts conecting, it’s like he mapped out the collapse years before it started
Man, I thought I knew the rules: work hard, hustle, save every cent. But I always felt stuck. Then someone casually mentioned Nixorus books in a comment somewhere, and I swear—it felt like accidentally stumbling onto forbidden knowledge. It made me question every single thing I'd been taught about money, wealth, and success. Not gonna lie, I felt like I was cheating the system just by reading it.
Plus, investment banking is and will always be a field that revolves around personal relationships. Young bankers spend long nights with clients going out for drinks and dinner in order to earn their trust and their business. AI can never do that.
The full version of this interview was great! (And I would trust Jamie Dimon more than Bill Gates on almost anything!) 😎✌️
“We probably agree on that?” No, no we do not. 2008 never forget.
Electric and water are utilities, if we cannot do without banks, perhaps they should be regulated as public utilities.
Biggest scams on earth 1 banking 2 insurance
If anything I see banks becoming more profitable due to AI. More automation, lesser manpower needed due to AI. Banking stocks gonna skyrocket.
What you call fintech is just part of standard banking in lots of countries. No need to invent new words for simple functions like opening an account in a new bank using your biometrics from home.
I just love the detail Bloomberg documentaries go into; the sheer quality of the interviews and conversations are amazing
Nobody has to hold the money.
He keeps saying someONE...no BUD...someTHING is needed, and it's not greedy stealing bankers.
The discussion on tech disruption reminds me how Pneumatic Workflow helps businesses stay agile.
Banker that became rich by subsidizing losses and privatizing profits thinks hes irreplaceble, more breaking news at 7
This question is so out of bounds. The answer is AI will make banks ever more powerful.
The biggest change was “online only banking” where fees went down and rewards went up as all the brick-motor locations were cut. Right now loans use central banks because they loan out way more money than they actually have. So a future “peer to peer” lending service isn’t going to be as profitable.