Tag: JPMorgan Chase

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.

JPMorgan Chase is developing a cloud-based AI tool called IndexGPT that selects investment options based on customer needs. It could replace human advisors for financial agencies.

JPMorgan Chase: Financial firm based in New York offering a range of services and developing AI-driven software IndexGPT. Enhancing customer's understanding of the stock market by providing tailored advice tailored to individual needs. Cutting-edge AI technologies and deep learning capabilities help clients make informed decisions.

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.

Recently, controversy has erupted due to Ernie Bot, a Chinese AI-based chatbot built to mimic OpenAI's ChatGPT functioning. Ernie Bot has been criticized for shunning away from sensitive topics related to the COVID-19 pandemic and Chinese President Xi Jinping to inquiries. In wake of the virus' origin, the chatbot failed to mention the possibility of laboratory leak or it being originated in China. Further, it kept mum to queries for President Xi’s potential lifetime rule and declining to comment on China's lifted "zero-COVID" policy. It has raised apprehensions about the regulations on AI chatbots.