JPMorgan Chase recently announced AI training for new hires to enhance productivity through prompt engineering skills. The use of AI in the workplace is on the rise, with a focus on text prompts for efficiency and task automation. Experts suggest that AI adoption will transform job tasks, particularly in information processing fields. As the workforce adapts, retraining in sectors like healthcare and cybersecurity is becoming crucial for AI integration.
JPMorgan Chase Initiates AI Training for New Hires
Last month, JPMorgan Chase announced that all new hires would receive artificial intelligence (AI) training, emphasizing prompt engineering skills. Mary Erdoes, CEO of the bank’s Asset and Wealth Management division, highlighted the importance of crafting effective text prompts for AI applications to boost productivity and eliminate repetitive tasks.
The implementation of AI training aligns with a broader trend where AI technologies, such as OpenAI’s ChatGPT, are integrated into workplace operations. This shift is expected to enhance global productivity, with estimates suggesting generative AI could yield $1.75 trillion annually by 2033.
Tech entrepreneur Khariton Matveev notes that AI adoption will likely partially replace job tasks rather than entire professions. Roles in information processing, such as translation and research, are considered more vulnerable than physically demanding jobs. Matveev and other experts suggest that workers take courses in prompt engineering and incorporate AI tools into their routines.
There is a growing need for retraining in specific sectors like healthcare, climate change mitigation, and cybersecurity, according to Christian Rebernik, co-CEO of Tomorrow University of Applied Sciences. New roles such as data labellers and annotators are emerging to support AI training.
Dev Nag, CEO of QueryPal, highlights the importance of expertise throughout the AI pipeline—from data collection to application. James Longster of Travers Smith emphasizes the significance of sector-specific knowledge in maximizing the effectiveness of AI prompts.
As the landscape evolves, interpersonal skills and ethics will play a crucial role in AI integration, asserts Rebernik. Flexibility and adaptability are also essential, as Stanford University’s Erik Brynjolfsson warns that the rapid pace of AI development may render some skills obsolete swiftly.
