Tag: Deutsche Bank

JPMorgan Chase is hiring big in AI with over 3,600 roles advertised from Feb to Apr. AI-related jobs made up 40% of their hires. BlackRock also focuses on AI for a 30% productivity boost.

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JPMorgan kicked off the AI-progress in banks by filing for a ChatGPT trademark, as reported by CNBC. This tool utilizes AI to provide customers with investment advice and with other AI-driven initiatives, JPMorgan is on track for their $1 billion goal. However, despite the competition between tech giants, the bank still restricts 3rd-party software. ChatGPT is revolutionizing banking and will play a major part in the future.

Apple Inc., well-known for its revolutionary products such as iPod, iPhone, iPad, and iTunes, is now taking steps to protect its confidential information by restricting globally the use OpenAI's ChatGPT and other generating AIs. Other organizations like JPMorgan Chase, Verizon, Northrop Grumman, and Amazon have all limited these tools. A must-read story from the Wall Street Journal according to the Reporter of the Year 2019, Rene Tirado.

A large number of tech companies have raised red flags concerning Artificial Intelligence (AI) and privacy. Apple has restricted OpenAI's ChatGPT and Microsoft's Copilot, reports The Wall Street Journal, and Bloomberg's Mark Gurman disclosed that ChatGPT has been under a ban for months. Companies such as Samsung, Verizon, and many banks are taking such precautionary measures to protect confidential data from potential leakage through ChatGPT. Apple, with its secure and private hardware and software, is an example of why such precautions should be taken.