Tag: Data scientists

Discover how machine learning is revolutionizing decision-making, efficiency, and cost reduction across various industries. Learn how to implement a successful strategy.

JP Morgan has launched a new investment app called IndexGPT, incorporating artificial intelligence technology to tailor securities to customer needs. CEO Jamie Dimon highlights AI's value in risk assessment, marketing, customer experience, and fraud prevention. However, critics call for swift government guidelines as the AI race intensifies.

Snorkel AI's new GenFlow service and Snorkel Foundry are addressing the challenges of Generative AI by helping organizations curate and prepare data for language models that can generate optimal outputs.

The rise of generative A.I. has affected even the consulting industry, with giants like McKinsey using A.I. tools to improve work efficiency. However, McKinsey's Senior Partner is sceptical about A.I.'s ability to synthesise complex data effectively, believing that strategic advising, problem-solving, creativity, and change management skills are still pivotal to consultancy work. As the industry is changing with the infusion of A.I., McKinsey is considering new A.I.-specific requirements for entry-level consultants to keep up with the trend.

JP Morgan, one of the world's leading financial services and investment companies, has recently announced its plans to develop AI software for advising investments. Drawing inspiration from OpenAI's ChatGPT frenzy, the company has applied for a trademark for the product named IndexGPT. It would use cloud computing and AI to analyse and select securities best suited to customers' needs. Goldman Sachs and Morgan Stanley have already begun testing AI in their internal operations. Strategic analysts suggest it could significantly increase US profit margins long-term.