Jamie Dimon

And I think that's legitimate.

So companies should be thinking about how they're going to handle that.

And I've suggested, I may write about this, that the government should start thinking about how can we help get the benefits of AI and diminish the negatives.

And that would basically be retraining, relocation, how you use your high schools, your colleges, your community colleges to reskill even people who are 40 or 50.

And it's all doable if we think about how we're going to prepare for it.

I think there will eventually be some shrinkage of the workforce.

I think if you're ahead, you have a temporary benefit.

Remember, the competitive capitalist world, people will catch up.

And even smaller banks, who we support ourselves, will get the same services directly from Claude or from FIS or something like that.

So it isn't like you're going to have a permanent advantage.

you have temporary advantages, and if you stay ahead temporarily, you have an advantage, but I don't think you have a winner-take-all thing.

The world is really competitive.

And then look at, it also opens up, in a good way, competition, so FinTech, so we now have all the big bank, regular competition, but we also have hundreds of FinTech companies.

We're using new technologies to sometimes take just a little sleeve of business and then expand it.

And it could be data, it could be trust, it could be rent payments, it could be cross-border payments, it could be anything like that.

And I appreciate that.

But we have to, some of that money is very specific.

We need to do that too.

We have no problem with Stablecoin.

Properly regulated, yeah.