JPMorgan’s Erdoes Says New Hires Will Get Training for AI (1)

JPMorgan Chase & Co. is immersing new employees in artificial-intelligence training, preparing them for a technology Chief Executive Officer Jamie Dimon has likened to the impact of the printing press and steam engine.

“This year, everyone coming in here will have prompt engineering training to get them ready for the AI of the future,” Mary Erdoes, who runs the asset- and wealth-management unit, said of her unit’s efforts at the firm’s investor day Monday.

Mary Erdoes, CEO of asset and wealth management at JPMorgan.

Photographer: Patrick T. Fallon/Bloomberg

Erdoes said AI is helping on two fronts in her division: time saving and revenue growth. The business is reducing time spent “hunting and ...