{"id":254752,"date":"2024-02-27T05:05:28","date_gmt":"2024-02-26T23:35:28","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-critic-jamie-dimon-on-ai-crypto-news\/"},"modified":"2024-02-27T05:05:31","modified_gmt":"2024-02-26T23:35:31","slug":"bitcoin-critic-jamie-dimon-on-ai-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-critic-jamie-dimon-on-ai-crypto-news\/","title":{"rendered":"Bitcoin Critic Jamie Dimon on AI – Crypto News"},"content":{"rendered":"

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Jamie Dimon, the iconic JPMorgan CEO and Bitcoin critic has shared his take on the burgeoning Artificial Intelligence (AI) industry. Speaking in an interview with CNBC, the banking veteran opined that the hype surrounding the AI ecosystem is well deserved considering the level of embrace of the new technology.\u00a0<\/span><\/p>\n

Jamie Dimon Sees AI Growth<\/strong><\/h2>\n

Many innovations make their way into the tech world but only a few can grow until maturity. <\/span>According<\/span><\/a> to the JPMorgan CEO, AI is not a fad and it is arguably <\/span>bigger than ChatGPT<\/span><\/a>, the highly intelligent chatbot created by OpenAI.<\/span><\/p>\n

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The artificial intelligence world has seen many intriguing inventions over the past year. The Large Language Model (LLM) revolution was sparked by OpenAI when it introduced ChatGPT has rapidly grown such that mainstream tech giants like <\/span>NVIDIA and Microsoft<\/span><\/a> now have their versions of the chatbot.<\/span><\/p>\n

The goal remains to gain a huge share of the market, however, some skeptics believe that the technology is growing at a faster pace than is sustainable. To Jamie Dimon, this AI growth is justifiable considering adoption and the real-world use case that is trailing its use.<\/span><\/p>\n

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\u201cThis is not hype. This is real. When we had the internet bubble the first time around \u2026 that was hype. This is not hype. It\u2019s real,\u201d Jamie Dimon said. \u201cPeople are deploying it at different speeds, but it will handle a tremendous amount of stuff.\u201d<\/span><\/p>\n

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While AI has been in use for a relatively long term, a major revolution is now underway. Google just released Genie, its AI tool that is capable of creating playable games from pictures.<\/span><\/p>\n

Away With Bitcoin, Embrace of AI<\/strong><\/h2>\n

That Jamie Dimon is advocating for an AI revolution might come as a shock to some industry Bitcoin investors considering how he has proven not to be a fan of the digital currency.<\/span><\/p>\n

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Time and again, Jamie Dimon has slammed the basic tenets of Bitcoin and in one of his recent calls, he named the coin a \u201c<\/span>Pet Rock<\/span><\/a>\u201d that has no intrinsic value and is not worth holding.<\/span><\/p>\n

Dimon\u2019s stance contrasts sharply with JPMorgan\u2019s stance as a company as the banking institution is one of the few <\/span>Authorized Participants<\/span><\/a> (AP) in BlackRock\u2019s spot Bitcoin ETF offering.<\/span><\/p>\n

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter<\/a>, Linkedin<\/a> <\/p><\/div>\n<\/p><\/div>\n

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