With a focus on artificial intelligence, JPMorgan recently applied to trademark “IndexGPT,” a generative AI tool that connects consumers to financial security and asset selection. The potential for this technology simplifies the access to buying and selling stocks, stirring the investment industry and placing power into the hands of retail investors.
JPMorgan’s IndexGPT seeks to make AI available to a broad audience, and providers like Meta and Snapchat have already done this with chatbots and video generators. While the application for the trademark must wait three years before it can be released, the sentiment in the air is that tracking commonly accepted securities is about to become a whole lot easier.
In anticipation, the White House Office of Science and Technology Policy is designing a new National AI Strategy, and Senate Majority Leader Charles E. Schumer is leading an effort to write new AI rules. Even fast food chains like Wendy’s are getting in on the action, adding a drive-thru component using Google’s AI technologies – FreshAI. The program should debut in Ohio next month where customers will be conversing with a chatbot when ordering meals.
When it comes to JPMorgan, IndexGPT is the first of its kind in the financial institutions realm. It’s obvious the tech giant is prepared to make a splash in the up-and-coming AI world, especially when it comes to stocks and securities. It doesn’t matter if you’re a professional investor, America’s Most Wanted, or a pint-sized investor looking to make the next Gamestop stock an instant phenomenon. AI technology is here to stay, and JPMorgan plans to make sure it controls the narrative.
