Too Far Too Fast

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This Year At Davos

A lot happened at Davos in 2026.

Mark Carney talked about the rupture in the world order, the end of a pleasant fiction, the beginning of a brutal geopolitical reality, and the need for “middle powers” to work together. (That’s a lot.)

Donald Trump (aka The Donald) trash-talked Carney. (Oh, Donny.)

Emmanuel Macron wore sunglasses. (Macron, so hot right now.)

Jensen Huang told a fun story about the “Five Layer Cake,” which represents the AI infrastructure stack. (How many leather jackets does this man have?)

And Elon Musk sounded like he got his ketamine dosage right. (No comment.)

IMHO, if you watch one full Davos speech or interview, watch Zanny Minton Beddoes’ interview with Jamie Dimon.

The Donald is suing Jamie and his bank for $5B.

But that isn’t stopping him from speaking his mind and moving his business forward.

Similar to Carney, Dimon had some polite but veiled words for the Trump administration.

Jamie is not a fan of tariffs.

Jamie is not a fan of the current immigration actions in the US.

Jamie thinks the jury is still out on how all of last year’s fiscal and political changes might impact the global economy.

How Jamie Starts His Day

Jamie typically reads five newspapers every day: The New York Post, the Washington Post, the New York Times, the Wall Street Journal, and the Financial Times.

Jamie famously carries a sheet of paper (probably a note card) everywhere, where he writes lists of things to do, things to check up on, and things to remember.

Jamie is a fan of applying decision-making and operational management lessons from John Boyd’s OODA loop to his own management style.

Jamie runs the largest bank in the world.

And Jamie took home a $43 million paycheck last year.

Maybe other leaders should take a listen to him.

Jamie’s Thoughts On AI

Dimon is working to aggressively roll out AI solutions across JPMorgan Chase.

He says he’s challenging every team in his organization to work on AI projects and to find ways to improve how they serve their customers using the technology.

But he is also concerned that artificial intelligence “may go too fast for society” and cause “civil unrest” unless governments and businesses support displaced workers.

“Your competitors are going to use it, and countries are going to use it,” he said.

“However, it may go too fast for society and if it goes too fast for society, that’s where governments and businesses need to, in a collaborative way, step in together and come up with a way to retrain people and move it over time.”

“Should you do it all at once, if 2 million people go from driving a truck and making $150,000 a year to a next job [that] might be $25,000? No. You will have civil unrest. So phase it in,” Dimon said.

“If we have to do that to save society … Society will have more production, we are going to cure a lot of cancers, you’re not going to slow it down. How do you have plans in place if it does something terrible?”

Jamie admitted that he expects his company to grow, and his hiring and resource needs to grow along with it.

He stops short of fully endorsing government intervention, but he comes close to suggesting that retraining and universal basic income might be required as job displacement from AI solutions becomes the norm.

He was also clear that he expected to have fewer employees in five years’ time as AI was rolled out.

Watch the video and let Jamie explain it for himself.

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